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Imphal Welcomes RBI

Thirty-seven years after I joined the Reserve Bank of India (RBI) in 1978, as a direct-recruit officer at Madras (now Chennai), it is with mixed feelings that I welcome the opening of the RBI branch at Imphal, Manipur. It has taken a lifetime career of an officer and beyond to see the fruition of a wish. When we joined the RBI it was with a firm belief that a branch would never come up in Manipur during our lifetimes. Every time the issue came up, the standard argument was that the business to be generated does not justify the opening of a branch.

The same argument, interestingly, was put forth for the construction of the Lengpui airport at Aizawl, Mizoram. It was the conviction of the state government that said “if you can’t, we will do it.” And they did. There was a board meeting of the RBI at Aizawl, a day before the opening of the Imphal branch, and I am sure the members had used that airport.

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