We are also working on the subject of Consolidated Supervision of Conglomerates having direct or indirect holdings or influence on banks through shareholdings as well as large exposures. A legal framework is being formulated in consultation and coordination with the regulator of the non-banking sector i.e., Securities and Exchange Commission.
Case studies of individual industries show that the planning for technological modernization has not always been adequate, with the result that some purchases of high-tech equipment and software have not added much to productivity or profits. The idea that managers can buy the hardware first and then decide what to do with it does not square with the evidence.