...... “What we call operational efficiency of the banks, that is one thing that should happen,” Chakrabarty said. On the larger economy, he said unless there were institutional reforms, policy reforms would not percolate downward. “My view is that a lot of things need to be done at the government level, state government level, at RBI level. But what has been done, its full benefit has not been taken by the people. Reform is not taking place at the individual level,”......
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