....The CRR mechanism had lost its relevance as a monetary tool in post reforms and post-technology (or ‘core banking solutions’) banking. With latest management information system tools, the RBI is able to get the requisite banking figures more accurately at weekly intervals. Data integrity is almost 100 per cent, unlike in the earlier era. SLR (statutory liquidity ratio) is more than adequate as a monetary tool, and also a resource platform for government borrowings. So, why have an additional instrument in this age of data awareness?.....
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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