Indeed, the past year was full of challenges, for the economy in general and for the rural banking sector in particular. And yet, latest available figures indicate that the rural banking sector continues to perform relatively well. It appears that our rural bankers have turned this period of challenges as an opportunity to further strengthen your institutions.
China has been following the same economic path set by Deng Xiaoping in 1980 with modifications and adaptations to the changing external and internal condition – despite changed political leadership. India, which started its reform process under the Congress in 1991, was finally accepted as a credible reformer only after the BJP Government forcefully and vigorously moved on the same path since 1996.