NC-I had also mentioned that any move towards restructuring and reducing the number of banks through mergers and acquisitions should evolve on the basis of market driven and profitability considerations and with understanding and support from bank officers and staff. The committee had emphasized on the voluntary character of the exercise to avoid the type of problems associated with a top down approach. 20.
May new progresses be made in building Shanghai into an international financial center. Thank you all. 4/4  BIS central bankers' speeches