You add to these the medium term outlook, in which economic recovery is expected to depend heavily on small business development, and you mix in the enhanced requirements of the new regulatory framework that is being proposed, and the prescription is for more and more diversified capacity enhancement, at both the individual and organizational level. Permit me to expand on this theme.
Since 2003-04, there has been a significant jump in credit growth, which could be partly attributed to the step-up in real GDP growth, decline in interest rates, intensive policy initiatives to improve flow of credit to sectors like agriculture and, finally, strong demand for retail credit, particularly housing.