....... In certain quarters in India, the importance of the role played by the Reserve Bank of India is overstated by equating it with that of the Election Commission — and, by implication, free and fair elections. As we have witnessed repeatedly in the West and in India, regulatory autonomy has not prevented frequent financial market failures, since market and credit risk were allowed to build up to systemic proportions................
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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