Pursuant to the recommendation of Finance Commission-XIV, almost all states have opted out of National Small Savings Fund (NSSF). As a result, reliance of State Governments on market borrowings has increased substantially in recent years.
Under your aegis, Mr Thiele, the new branch in Dortmund is set to become an innovative cash processing centre that is in a league of its own. After all, you literally visited each and every Bundesbank branch, sought direct contact with the staff members, listened to their concerns and explained why certain decisions had to be made.