Dr Y V Reddy is thankful to S/Shri K. Damodaran, General Manager and Anand Sinha, Executive Director for the assistance provided. *  *  *  Mr. Chairman and friends, I am thankful to the organisers for inviting me to participate in the annual meetings of the Asian Development Bank and give my views on Basel II in the Asian context.
I have a special affinity to the city of Hyderabad. I started in this city as a Research Scholar in 1960, then taught as a lecturer in Osmania University till 1964, and later, was the Collector and District Magistrate of Hyderabad city in 1976-77.