Saibal Ghosh worked at the Reserve Bank of India (RBI) for two decades. In his final stint, he was deputy research adviser at the Centre for Advanced Financial Research and Learning, RBI. He has over 25 years of experience in financial intermediation, financial stability and developmental issues. His research has been extensively published in leading international and national journals. He is presently working as expert (adviser) with the Qatar Central Bank in Doha, Qatar. Partha Ray is currently Director of the National Institute of Bank Management, Pune. Earlier for nearly a decade he was a professor of economics at Indian Institute of Management Calcutta. His earlier stints include Adviser to executive director (India) at International Monetary Fund, and an Economist at the Department of Economic & Policy Research, Reserve Bank of India. He has written extensively on issues relating to global and Indian macroeconomics and financial sector.