The mandate as well as the practice in India clearly indicate that maintaining stability is an overriding objective but the detailing of objectives has to reckon the changing circumstances. As explained in the presentation on evolution of policy in India, a very dynamic view, based on multiple indicator approach has been adopted.
With your wealth of experience, rang-ay can lead in turning the heavy flywheel of remaining reforms for the rural banking industry. I trust that rang-ay will harness its core expertise, geographic advantage and strong ties with the community in promoting a safe, sound and responsive banking system. Let us all work together in keeping the wheels of change turning.