It would therefore be short-sighted to look only at exchange rate movements without taking into account the stimulating impacts of falling government bond yields. Ladies and gentlemen, I, too, would like to take something into account: the time schedule. I have spoken a lot about confidence. I am therefore confident that you will forgive me if I’ve exceeded my allotted time limit somewhat.
Subsequently, the Report of the Advisory Group on Banking Supervision, September 2000 (Chairman M.S. Verma) made some elaborations on the subject. "Because of Reserve Bank of India/Government Ownership of the banks (in the public sector), there is some overlap in the role of the Reserve Bank of India as owner/owner’s representative and as the regulator/supervisor.