It may have evolved out of legacy factors and contextual considerations but in terms of regulatory orientation, this approach contained many elements of a “systemic focus” as is being sought to be incorporated globally in the post-crisis scenario. The instruments and objectives entailed balancing the given systemic imperatives with the need for bringing about changes in a non-disruptive manner.
Reflecting on the survey results, I would like to invite all of us to retrospect on the place and role of banking industry. There is no doubt that banking industry has its strategic role in our national economic chain.