let me confess that i am here because of an invitation from someone, who like dr. radhakrishnan has not only been a teacher but many more things – professor rama rao. an eminent and internationally renowned scientist, a respected head of a regulatory body, a secretary to government remembered even after a decade, a builder of institutions, a great contributor to advancement of professional bodies and publications, and one of the finest human beings i have come across. there is lot in common between prof. radhakrishnan and prof. rama rao, though one is from the field of philosophy and the other from the realm of science. moving from teachers to teaching, the university and reserve bank of india ( rbi ) have assigned me the pleasant task of inaugurating the master of technology course in information technology, devoted to banking technology and information security - the first of its kind in india, and perhaps in the world. the pogramme is being jointly launched by the university of hyderabad ( uoh ) and institute for development and research in banking technology ( idrbt ). as per the continuing collaborative activities between the two institutions, a 2 mbps leased line connectivity has been established between the uoh and the idrbt with a view to facilitating better and easy communication between uoh and idrbt, sharing library and other resources at uoh and idrbt and also providing an avenue for video conferencing. this programme, fully - funded by idrbt, and open to both direct and sponsored candidates from the banking and financial sectors is a multi - disciplinary programme that seeks to merge the new and emerging technologies in information technology with the domain expertise in the ever - changing field of banking and financial services. providing absolute information security and is audit systems is a challenge, and is of immediate relevance and concern to banks, especially in the context of current as well as changing business environments in banking, like electronic payment systems, e - commerce, mobile banking, and internet banking. deploying of modern and evolving technologies would require the banks to get equipped with requisite skills on a continuous basis. thus, m. tech. provides an excellent and right mix of the various aspects of computer and information security that is essential for banking technology to succeed and survive. the reserve bank of india, as a sponsor of idrbt, is happy to be associated with the pioneering and path breaking collaboration between academia and practitioners and assures full support in its future endeavours for mutual benefit. in fact, idrb

y v reddy : reviving confidence in the indian economy first dr s radhakrishnan memorial lecture delivered by dr y v reddy, deputy governor of the reserve bank of india, sponsored by university grants commission and organized by the university of hyderabad, at hyderabad on 5 september 2001. * * * respected vice - chancellor, professor rama rao, distinguished academics and friends, at the outset, i would like to express my grateful thanks to professor rama rao garu for giving me the privilege and honour of delivering the first dr. s. radhakrishnan memorial lecture sponsored by the university grants commission and being organised by the university of hyderabad on the occasion of the teachers ’ days this year. so much has been written and said about dr. sarvepalli radhakrishnan, that any narration by me would do little justice to one of the greatest philosopher - statesman of independent india. an eminent academician, a versatile writer, a brilliant orator, a renowned philosopher, a respected diplomat and a remarkable president of india, dr. radhakrishnan had a reputation of weaving a spell on those who heard him. in fact, bertrand russell remarked that he had never heard philosophy better expounded than by dr. radhakrishnan. of particular relevance today is not only that professor radhakrishnan was a great teacher but also the fact that he served in a vast number of universities. he had his apprenticeship in madras and mysore, went to calcutta and well before he was forty lectured on invitation at american universities and also at oxford. he set up andhra university and was also vice - chancellor of benaras hindu university. the enormity of respect that he commanded is evident from the fact that the british government gave him a knighthood ; he was nominated to the league of nations committee on intellectual cooperation ; was called to serve on the constituent assembly and had a memorable stint as ambassador to moscow. i had been lucky as a student to hear sarvepalli radhakrishnan in 1954, on a high school sponsored excursion to delhi ; and i still possess the photograph taken with him. later, as sub - collector, ongole, i made elaborate arrangements at chinaganjam railway station for him when he was proceeding to madras in 1967 after laying down his responsibilities as president. in brief, my personal contact was limited but he remains one of the greatest men i ever met in my life, especially since i started my career as a teacher and once again, yearn to be a teacher. speaking of teachers,