Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and that ICICI Bank will explore opportunities for mutually beneficial partnerships.

Switzerland is "extremely keen" on greater cooperation in India's fight against suspected black money stashed in Swiss banks and is putting in place a new law on automatic information exchange that will take about a year to come into force, Finance Minister Arun Jaitley has said.

As the five-day talkfest of the world's elite draws to a close here, business and government leaders from India are cautiously optimistic about India consolidating its position as the 'bright spot' of global economy continuing its reform process and making it easier to do business in the country.