banks would be allowed for reckoning for slr purpose, up to march 31, 2017. 12. at present, all dccbs, barring a few, are maintaining their slr assets in the form of time / fixed deposits with the respective state cooperative banks. therefore, dccbs lack experience and expertise in making investments in government securities. with a view to familiarizing dccbs with the basics of investment in government securities, viz. opening of sgl / csgl accounts, non - competitive bidding, selection of securities / intermediaries, price discovery, valuation, etc., it was decided to conduct orientation programmes at our regional offices for the benefit of all the dccbs. going forward, the knowledge gained from investment operations in government securities will help these banks set up a dynamic treasury department in each head office and facilitate effective funds management and asset - liability management and improve their profitability. i express my sincere thanks to nabard and idmd for coming forward to extend faculty support for conducting the orientation programmes. i hope this training would help the participants in understanding the basics of investment in government securities and carry out their investment operations with more confidence. my best wishes for the success of the training programme bis central bankers ’ speeches

k c chakrabarty : challenges for next generation banking address by dr k c chakrabarty, deputy governor of the reserve bank of india, at the indian chamber of commerce and industry, coimbatore, 25 june 2011. * * * mr. krishnan, president of indian chamber of commerce and industry, coimbatore ; mr. m. narendra, chairman and managing director of indian overseas bank ; mr. d. raj kumar, regional general manager, the hindu ; mr. k. g. balakrishnan, past president of icci, coimbatore ; members of icci and captains of industries in coimbatore ; representatives of banks in coimbatore ; members of the print and electronic media ; distinguished invitees, ladies and gentlemen, i am very happy to speak at this “ voice of tomorrow – fuel to excel ”, programme which is a commendable initiative by icci, coimbatore and the hindu. at the outset we must be clear about whose voice we are talking about when we say voice of tomorrow. to my mind the voice tomorrow belongs to the youth and the millions of business entrepreneurs of the country. not that the voice of business is not heard now. but they are by and large limited to lobbying through associations like icci. what i mean is that the collective voice of millions of private enterprise across the country. it is this voice together with the voice of the youth which will mould and build the future of this country. the young demography of this country will make the voice of the youth matter the most, going forward. and in a market based economy, with further reforms in critical areas to follow, the private business community will increasingly shape the face of the economy and also become a prominent voice in setting our vision for the future. it is in this context that industrial cities like coimbatore assume importance. mr. narendra mentioned that the indian economy is likely to register an average growth of above 8 % in the eleventh five year plan and that the 12th plan will see a growth of 9 to 10 %. it is my view that it is possible for india to aim at a 10 % growth for the next 20 years. only then growth will be truly sustainable and inclusive. private enterprise and investment coupled with the demographic advantage can be the underlying drivers of the country ’ s immense growth potential, going forward. we cannot forget the fact that india ’ s new growth trajectory of