............Having said that, RBI must take care to keep the banking system safe and sound. The trouble with Indian banking system is that a crisis may unfold even when there is no reason for one, due to lack of transparency in the reporting structure, followed by various banks. Rumor mills are rife about how badly the bottomline of one bank or the other has been hit by falling gold prices. RBI must ask both public and private sector banks to declare their exposure and track record on gold loans, while announcing their quarterly results.
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.
No comments:
Post a Comment