Monetary policy: The depositors ’ viewpoint - S.S.Tarapore

.....The topmost priority for the RBI should be to control inflation and to ensure that the depositor gets a reasonable real rate of interest ( i. e. the deposit rate minus the inflation rate should be positive). Thus, from the depositors' viewpoint the least that needs to be done is that the RBI should not succumb to governmental pressures; this is easier said than done. The All India Bank Depositors' Association should proactively articulate the need to reward depositors fairly.........

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