As regards the mortgage banks, it is chiefly a question of ensuring that the authorities can handle a distressed mortgage bank. Without the use of taxpayers’ funds. And in such a way that the lending capacity of the institution is retained and there is no knock-on effect on the rest of the system.
Getting an award is always an exciting and motivating event particularly when you are getting it in the presence of the doyens or giants of the sector like Dr Rangarajan and Padma Vibhushan Dr Y V Reddy.