If one sees far, structural changes that come with temporary disruptions can be growth- and efficiency-augmenting in the medium to long term.

Divestment measures would improve overall banking sector health.

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes, our production plans and supply processes would ensure that the remonetisation happened as quickly as possible.

It is easy and quick to fritter away gains regarding macroeconomic stability.

I think that is a very important milestone in our economic history that the monetary policy is now determined through a committee process where there are both independent committee members and representation from the RBI.

Enhanced transparency has helped to reinforce the stability of India's financial system.

I think India's policy that the openness of trade should be carried through a multilateral process is the right one.

There are some things that are under our control, and that is to ensure that we ourselves follow sound macroeconomic stability rules.

There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.