Date:28/11/2007 URL: http://www.thehindubusinessline.com/2007/11/28/stories/2007112853250701.htm

Back Light takes from RBI's Governor

Mumbai, Nov. 27

As is his wont, Dr Y.V. Reddy, Governor of RBI, made a few light-hearted comments while delivering his valedictory address at the second day of BANCON 2007. He said that while he was coming in, Mr H.N. Sinor, Chief Executive of Indian Banks' Association, had mentioned to him that liquidity management was now getting more attention compared to capital adequacy issues. Since he was going to talk about the same point, Dr. Reddy wondered whether his speech had been leaked. To rub the humour in a little, he said that he had prepared his speech only the previous evening while in the car. The document had slipped out of his hand briefly, but he had picked it up before Mr Sinor could notice what it contained, he said. - Our Bureau