And the topic I have chosen is to look ahead to the appropriate banking structure for India. 3. When we issued the guidelines for licencing of new banks in the private sector in February this year, the Reserve Bank said that it will come out with a Discussion Paper on the Banking Structure in India.
At a high level, the SAA is presented as a set of long-term target currency and asset allocations with the highest likelihood of achieving long-term investment goals within certain risk constraints, as defined by the Investment Policy. In a way, this presents SAA as a pure optimisation problem. However, a purely quantitative solution does not always lend itself to practical implementations.