Additionally, the likelihood of financial instability can increase if many central banks react in the same way. Another option in the same group is to enforce explicit capital controls, including restrictions on portfolio investment and short-term debt. Some emerging economies have used these measures with various degrees of intensity, but, in general, on a temporary basis since they have noteworthy limitations.
As you know, following Tarapore Committee, RBI has introduced important changes in the management structure of NIBM. NIBM has made substantial progress in the last couple of years I have no doubt that with the help of all of you, NIBM would become a truly national institution of distinction for improving the management and Corporate Governance in banks and financial institutions.