The deepening of macroeconomic stability and the rising GDP growth over the past few years means that banks must position themselves in an increasingly competitive market in which innovation, efficiency and costcontainment have become important for success. This also defines the critical role that banks must play to catalyze the growth process.
In the last few years our banking sector has grown stronger as banks have been re-capitalizing, retooling and re-strategizing to fit into the evolving environment. We have sought to engender healthy competition among banks by admitting new banks such as yours into the system, while encouraging existing banks to beef up their capital and adopt universal banking.