RBI's Reddy on financial sector reform

In the speech 'Financial sector reform and financial stability' given on 10 March YV Reddy of the Reserve Bank of India ruled out speeding up the pace of external financial sector liberalisation.

Speaking at the Global Conference of Actuaries in Mumbai, organised by the Actuarial Society of India, Reddy admitted that pressures have significantly intensified for accelerating the pace of external financial liberalisation but "it is essential to take into account risks associated with it while

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