Gurumurthy fuels a vigorous debate

Mr Gurumurthy sees no reason why the RBI should set capital requirements for banks higher than the Basel norms

You have to hand it to S Gurumurthy, chartered accountant, co-convenor of the Swadeshi Jagran Manch and member of the central board of directors of the Reserve Bank of India (RBI). 

By vigorously articulating his positions at the RBI board as well as in the print and social media, Mr Gurumurthy has got people thinking on a range of issues — capital adequacy norms for banks, the Prompt Corrective Action (PCA) framework, expanding credit to Small and Medium Enterprises (SMEs), the economic capital required for RBI, the role and powers of the RBI board and, most recently, the printing of money