Government guaranteed SLR and other bonds, which used to be the pre-dominant source of funding till 1993, have been phased out in accordance with the reform process. On the other hand interest rates have fallen sharply and disintermediation has grown rapidly. Thus spreads are under pressure, long term outlook looks unfavorable. The company is making constant efforts to take first mover advantage in the technology-related businesses. However, of late, under the direction of Mr.
Key appointments rest with professional managers.
The company has placed itself in a perfect position to take any benefit accruing in the Indian Financial sector because of further technological changes. Its diversification of business portfolio will also help it to leverage its strength from one segment to another. All rights reserved.