Summary
Contents
Do you often wonderIs my money safe in banks? India is grappling with its worst banking crisis ever, and we are still trying to figure out what landed us here. This book analyses the role of the government and RBI in allowing the problem to reach the dimension it has assumed today. When will the never-ending NPA issue be resolved? Does it make sense to merge two PSBs when the culture and governance structures are alike? Should the RBI reserves be used in times of crisis? Should the tenure of a CEO be long or short? The book ponders and debates on some of these questions. Hits and Misses presents the two sides of the Indian banking story by giving an account of the reforms as well as quandaries in times of extraordinary economic and political challenges. The book answers many relevant questions by highlighting the highs and lows of the banking sector, which became subjects of debate in media and financial circles.
Handling Public Debt?
Handling Public Debt?
The RBI has traditionally been the banker to the government and the role means managing the debt of the government which involves both the enabling and maintenance of the same. This is an agency role and the idea of the central bank handling the same is to ensure that it maps well with the overall liquidity situation in the country. Being the monetary authority, the RBI is abreast on a real-time basis on the monetary situation in the country and is best able to manage the debt to be raised. The timing is always important so that there is no untoward pressure on the market given the state of liquidity. This involves not just the central government but all ...