Looking back into its evolution through innumerable crises and elongated learning curve, it would not be excessive to say that our banking industry should have been transformed itself into better banking industry as expected by the public. The public craves for banking industry that is not only sound and robust, but also capable to effectively and efficiently participate in financing the economy.
Here, allow me to extend our deepest thanks to Mr Ravi Mohan, who was instrumental in this endeavour and supported us throughout. We also have a couple of bills in the pipeline, notably, the Deposit Insurance Scheme Bill and the National Payment Systems Bill, both of which aim at strengthening the stability and soundness of the financial sector.