Data reported by the RBI suggests that nearly 71 per cent of branches of public sector banks are fully computerized. However, computerization needs to go beyond the mere ‘arithmeticals’, to borrow a term from the Report of the Committee on Banking Sector Reforms (Government of India, 1998), and instead, needs to be leveraged optimally to achieve and maintain high service and efficiency standards.
If both fiscal discipline and higher revenues can be sustained, there is good reason to expect a balanced budget by 2008  In other words, ladies and gentlemen, we are off to a good start in 2006 For this, we must also acknowledge the significant contributions of my predecessor…. Former Bangko Sentral Governor Rafael Buenaventura….