*  *  *  Prof. Wyplosz, Mr. Roth and Distinguished ladies and gentlemen, I am honoured and indeed privileged to be amidst such an eminent gathering of central bankers and policymakers at the International Centre for Monetary and Banking Studies. In particular, I am grateful to Mr. Roth, Chairman, Swiss National Bank and Mr. Hildebrand for providing me this forum.
The presentation today is on reforming India's financial sector. I eagerly look forward to the benefit of productive discussions in this august gathering. In the address today, I will present a detailed account of the broad lines on which reforms in financial sector have progressed and then will narrate the distinguishing features of the reforms in India.