Letter to BS: RBI should be responsive to changes in the financial system

There have always been attempts by successive governments to lean on the RBI for various issues

This refers to “Staffers expect Das to bring old RBI back” (December 18). The reference to lateral entries during the time of former Reserve Bank of India (RBI) governors Raghuram Rajan and Urjit Patel must be put in perspective. It wasn’t as if there were large-scale lateral inductions into the RBI during the tenure of these two. Many economists and other senior officers of the RBI have had short stints with the private sector and international organisations. Lateral induction of well-qualified persons, done in a transparent manner, is beneficial.