I think it is a very wise thing for the Institute for Development Research in Banking Technology (IDRBT) to express thanks to those who fund and cultivate those who matter. I will, however, take the opportunity to make some comments on current concerns on inflation.
Financial regulation To begin with, there will be a few comments on the addresses delivered today and then some reference to the IDRBT. Shri C. S. Rao, Chairman, Insurance Regulatory and Development Authority (IRDA) emphasised the synergy that is developing between banking and insurance. There are two elements here - one from the macro-side and the other from the operational or the micro-side.