Thank you to organizers of Indian Banks’ Association for inviting me today. To all the Award winners, congratulations on your stellar achievements and the innovative spirit you have shown to be today’s worthy recipients. Technology, “Fin Tech” as you say, is taking banking and intermediation into unchartered territories. I have yet to fathom the full import of these sweeping changes.
In the meantime, my subject matter today will be more prosaic and somewhat sobering. I wish to speak today, with a certain sense of urgency, about the need and possible ways to decisively resolve Indian banks’ stressed assets.