MUMBAI, India, June 23 -- Reserve Bank of India issued the following speech:

1. Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students.

2. Today marks the culmination of an exciting chapter for the graduating students, where you have not only learnt new things - academic and extra-curricular - but have also had an enjoyable and memorable experience. I extend a very warm congratulations to all the graduating students. Please give yourselves a huge round of applause.

3. T...