Subsequent to the experience of the potential run on a bank in 2003, the Reserve Bank has developed standard instructions for dealing with any such eventuality that could affect business continuity and normalcy in operations. Hence it is important to act fast whenever some potential threat is identified.
These episodes clearly point out that there is need for proper coordination among all regulators so that in the event of contingency, proper coordinated response could be initiated. Therefore, I would stress again that the scope of business continuity plans for central banks goes beyond the avian flu.