Does UTI Global Bank have any built-in shock-absorbers?
As I mentioned, one of the things is the presence of Subramanyam, chairman, UTI. He has taken lot of interest. His sheer presence and participation will ensure there will be no difficult situations that may arise. Second thing, we have also agreed that P J Nayak as CMD of the merged entity and Sridhar Subhasri as the executive director, Subramanyam and myself — the four of us — will provide constant support to this initiative. And, therefore, we are taking all measures to make sure that problems, as and when they arise, are resolved immediately, without letting them grow into major disputes.
