Shri R. K. Talwar took the helm at India's largest bank at a very pivotal point in our banking history- the period of nationalisation. He reoriented the commercial banking to serve the underprivileged, which aligned seamlessly with the objectives of nationalisation.
At the beginning, I said that in the pre-crisis period, we built buffers for a prompt and strong response, but we also did that during the crisis. At end-April this year, gross FX reserves stood at EUR 14 bn, up by more than EUR 600 mn from end-2019.