banks and IT should be able to lift not just the banking industry but the entire economy, especially the rural sector onto a higher trajectory of growth. 2  BIS Review 43/2005  Permit me to end my address with a quote from the book “The World is Flat” by Thomas L. Friedman which makes one proud to be Indian.
I quote, “If I have a grand daughter one day and I tell her that I am going to India she will say grand pa is that where software comes from”. Perhaps, a decade ahead it would be a little kid in Switzerland pointing to the signboard of an Indian bank and saying “Look dad – our bank” ! Thank you.