New products supported by the RBI, such as the recently introduced interest rate futures contract, are doing a roaring business on exchanges. Our tasks are far from over. The nation has enormous financing needs in infrastructure, and far too many of our banks already have too much exposure. Big corporate infrastructure players have also taken too much debt.
Changes in the global environment, in perceptions and approaches force us to think differently – out of the box, if you will – and adapt international best practices in all areas. Innovation is at the heart of our strategy.