4  BIS central bankers’ speeches  The banks and borrowers share a symbiotic relationship and hence, both the lenders as well as the borrowers have to understand their basic responsibilities, co-operate with each other and adhere to a general code of conduct and discipline. We have to realize that only if the business survives would both, the borrowers and the bankers flourish. 23.
As I said at the beginning of my address, the MSMEs are key to a sustainable economic growth and hence, it is in our collective interest that these enterprises thrive. To paraphrase Mao-Tse-Tung, “Let a billion MSMEs bloom!” To paraphrase Mao-Tse-Tung, “Let a billion MSMEs bloom!” I thank ASSOCHAM for inviting me to share my thoughts and wish the conference great success. Thank you!