We in RBI are totally convinced that there is need to promote and publicise gilts as an investment instrument and we would greatly appreciate your cooperation in this endeavour. There is scope to reduce the cost of borrowing to Government by retailing and the investors, especially small investors, will benefit by access to safe gilt edged securities.
We must contribute to this Great Financial Transformation by ensuring the safety and soundness of financial institutions and the system as a whole in this transformational process. The good news is that we have already come a long way, as is evidenced today by all the examples we’ve heard, by all the institutions present, and by all the inspiring speakers and participants.