k c chakrabarty : ten commandments for a successful banking career address by dr k c chakrabarty, deputy governor of the reserve bank of india, at the icici bank probationary officer convocation 2011, icici manipal academy, bangalore, 13 december 2011. * * * assistance provided by ms. rakhe balachandran in preparation of this address is gratefully acknowledged. ms chanda kochhar, md and ceo, icici bank, shri t. v. mohandas pai, chairman, manipal global education services, dr k. ramnarayan, vice chancellor, manipal university, shri rajiv sabharwal, executive director, icici bank, other distinguished guests, ladies and gentlemen, and my young friends. it is indeed a pleasure to be here in your midst today. young people infuse energy and vigour into any gathering but bright, young bankers like you also make it a learning experience. convocations are always a very special occasion as they signify both an end and a beginning. an end – to a formal learning process and, hence, a moment of great satisfaction and joy for everyone involved. and a beginning – as it marks the threshold of the next stage for applying practically the knowledge and skills acquired through the formal learning process, thereby, acquiring real world learning and experience. i congratulate all the graduates of the ninth to eleventh batch of the icici manipal academy and especially thank ms. chanda kochhar for giving me the opportunity to address these young budding bankers. the icici bank probationary officer programme, i am sure, is an effort to “ catch them young ” and create the bankers of tomorrow – a set of new generation managers for banking in newer times. nowadays, when the financial sector the world over is undergoing a period of most rapid acceleration and change, the greatest challenge before all organizations in this sector is to build up an institutional architecture that enables and sustains intellectual capital. this is especially important as in times of “ creative destruction ” – to use joseph schumpeter ’ s classic phrase in his theory of economic innovation – new ideas, new constructs and new expectations emerge. and this, in turn, makes the role of new generation managers in these institutions more demanding than that of bankers of yesteryears. the term “ generation ” refers to a common identity arising from common experience. thus, the identity of gen y managers, that all of you perhaps are

s s mundra : empowering msmes – issues & challenges inaugural address by mr s s mundra, deputy governor of the reserve bank of india, at the 2nd bankers borrowers business meet 2016, new delhi, 6 april 2016. * * * assistance provided by shri jose kattoor and ms. chaithanya devi is gratefully acknowledged. 1. shri rajkumar dhoot, member of parliament ; shri k. k. jalan, secretary, ministry of msme, govt. of india ; shri ashwani kumar chairman, indian banks ’ association & cmd, dena bank ; dr. kshatrapati shivaji, chairman & managing director, sidbi ; shri sunil kanoria, president, assocham ; dignitaries on the dais ; distinguished colleagues from the banking fraternity ; members of assocham ; representatives of the print and electronic media ; ladies and gentlemen! bringing the bankers and the borrowers together on a common platform to deliberate on issues and challenges that afflict businesses is a very novel idea and hence, i could not refuse an invite to address this gathering for the second year in a row. so, i begin by complimenting assocham for conceptualizing this “ bankers - borrowersbusiness ” meet and more so, for choosing “ empowering msmes ” as the theme for the second edition of the meet. the theme is extremely significant for a number of reasons : continued moderation in economic growth ; rising pile of stressed assets in the corporate loan book of banks ; need for employment generation ; fulfilling entrepreneurial ambitions and so on. 2. i understand that three fundamental issues pertaining to the msme sector are getting covered during the deliberations here : firstly, enabling better understanding of the sector by the banking community ; secondly, ensuring timely financial support to distressed micro and small enterprises ; thirdly empowering msmes, an objective that is closely linked to the first two. 3. let me set the ball rolling by briefly speaking on each of these three issues which can then be deliberated upon in greater detail in the technical sessions that follow. to put things in context, i would like to recall that the msme sector has emerged as a vibrant and dynamic sector of the indian economy, contributing 37. 5 per cent of india ’ s gdp, with its vast network of 48 million enterprises providing employment to 111. 4 million persons. 1 it may not be out of place to mention here that in the face of adverse economic conditions prevalent in the