81 thoughts on “Has the RBI failed in Lining-up the Banking Reforms? A few questions for the Central Bank from a top banker”
Venkat Pulsani
The last year of BJP rule has been tumultuous. Oil prices have regained strength and rupee is sliding like never before. Now RBI-government tussle is driving away foreign investors. 2019 will be interesting.
During UPA 1 and 2, Indian banks were lending without proper due diligence to corporates. Why was RBI sleeping then and did not find this out in their annual assessment of banks? Answer this question.
For Raghuram Rajan there was pressure from outside the organisation but now the pressure is from within after BJP appointed an RSS economist on board of RBI. They are hijacking all institutions.
It is absolutely true that India needs a separate regulator for payments. RBI deals with inflation and setting repo rates so they cannot do all work by themselves. A different agency is much needed.
Look at IMF that has warned India over violating the independence of Reserve Bank. They all have foreign interests and want the Indian economy to break to benefit other manufacturers in the West.
This time even Subramanian Swami has sided with RBI. He is the same man who was against Raghuram Rajan as RBI chief. Autonomy of central bank cannot be compromised at any cost.
Liquidity after IL&FS debt default has dipped since banks are not ready to lend to NBFCs and HFCs. Why can’t RBI earmark some liquidity for NBFCs like they did during the 2008 financial crisis?
IL&FS default has indirectly hurt banks such as SBI which are shareholders in the company. Government should consider punishing the responsible managerial persons of IL&FS.
Everyone knows how bad is the health of Indian banking system and this is because RBI did not notice bad signs proactively. Now they have suddenly started cleaning up the mess but at the expense of growth.
Modi government should realise that the rift between RBI and them is hurting investment and Indian currency. In its quest to usurp all public offices, BJP is compromising with economy.
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Thank you for some other magnificent post. Where else could anybody get that kind of information in such a perfect manner of writing. I have a presentation subsequent week, and I am on the look for such information.
I appreciate you finding the time and effort to put this information together. I once again find myself personally spending a significant amount of time both reading and commenting.
Spot on with this write-up, I absolutely believe that this amazing site needs much more attention. I will probably be returning to read through more, thanks for the advice.
The last year of BJP rule has been tumultuous. Oil prices have regained strength and rupee is sliding like never before. Now RBI-government tussle is driving away foreign investors. 2019 will be interesting.
During UPA 1 and 2, Indian banks were lending without proper due diligence to corporates. Why was RBI sleeping then and did not find this out in their annual assessment of banks? Answer this question.
For Raghuram Rajan there was pressure from outside the organisation but now the pressure is from within after BJP appointed an RSS economist on board of RBI. They are hijacking all institutions.
It is absolutely true that India needs a separate regulator for payments. RBI deals with inflation and setting repo rates so they cannot do all work by themselves. A different agency is much needed.
Look at IMF that has warned India over violating the independence of Reserve Bank. They all have foreign interests and want the Indian economy to break to benefit other manufacturers in the West.
This time even Subramanian Swami has sided with RBI. He is the same man who was against Raghuram Rajan as RBI chief. Autonomy of central bank cannot be compromised at any cost.
Liquidity after IL&FS debt default has dipped since banks are not ready to lend to NBFCs and HFCs. Why can’t RBI earmark some liquidity for NBFCs like they did during the 2008 financial crisis?
IL&FS default has indirectly hurt banks such as SBI which are shareholders in the company. Government should consider punishing the responsible managerial persons of IL&FS.
Everyone knows how bad is the health of Indian banking system and this is because RBI did not notice bad signs proactively. Now they have suddenly started cleaning up the mess but at the expense of growth.
Modi government should realise that the rift between RBI and them is hurting investment and Indian currency. In its quest to usurp all public offices, BJP is compromising with economy.
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