It was an “insiders’ community”, speaking an expert language. Anyone who listened to speeches of central bankers on the economic outlook and the course of monetary policy knows what I mean: they were deliberately unexciting, technical and repetitive. But this type of communication inspired confidence: there was a consistent message and a steady hand at the tiller.
2  BIS central bankers’ speeches  network of bank branches spread across the length and breadth of the country, banking has still not reached a large section of the population. The extent of financial exclusion is staggering. Out of the 600,000 habitations in the country, only about 36,000+ had a commercial bank branch.