I think we all share a fascination for economics here. Having worked in academia, the IMF, the Dutch finance ministry and the central bank, I live and breathe economics. So I feel very much at home here.
We need to move to advanced approaches under Basle II in order to achieve greater efficiency of capital and be competitive in India as also globally. For this, banks not all but certainly the large and significant banks need to invest heavily in advanced technology which is another item of expenditure that cannot be avoided in the near future.