Dr. Patil has done a brilliant and outstanding job of transforming the face of Indian equity market. The fact that we have one of the best equity market in the world in terms of infrastructure as well as trading and settlement systems is a tribute to the vision and execution skills of Dr. Patil.
A lesser known but equally significant achievement of Dr.Patil is his contribution to transformation of the Indian debt market. The setting up of CCIL and NDS Order Matching System have revolutionized the trading in the Government Securities market. He proved all the doomsdayers and vested interests wrong by successfully introducing a screen based trading in the gilts market and eliminating the stranglehold of brokers. He has also made substantial contribtuion to the development of foreign exchange markets through CCIL.
Dr. Patil's contribution to the development and growth of Indian financial sector are immense and marvellous. His dazzling achievements have the done the nation proud. India should recognize and respect Dr. Patil's contributions by honoring him with a Bharat Ratna.
