This suggests that it will be difficult for the global economy to return to a high growth path until adjustments of excess debt after the bursting of the bubble are completed. III.
The fact that the RBI had appointed a high level committee on customer service in banks headed by Mr. M. Damodaran and representations from both the industry and the public to examine the entire gamut of customer protection issues indicates the importance which we attach to customer service and protection. The Committee incidentally has come out with more than 100 recommendations for our consideration.