You are here: Home » Opinion » Letters
How podcasts are making smartphones 'smart'
Letter to BS: Broken window theory offers an accurate observation of crime
Business Standard

Letter to BS: Why shouldn't bankers take instructions directly from FinMin?

The banking system is availing of a negligible percentage of its total resource needs from the RBI

Topics
Rbi  |  Rbi Policy  |  Finance Ministry

Business Standard 



shaktikanta das, rbi, arun jaitley
Finance Minister Arun Jaitley (left) and RBI Governor Shaktikanta Das at the RBI’s board meeting in New Delhi | Photo: Sanjay Sharma

This refers to the report “Das, bankers may not be on the same page over passing rate cuts” (February 21). Let us face the reality. Time was when interest rates were regulated, but banks respected and listened to the (RBI) sermons. Today, rates are deregulated and bankers know that the is in captivity and is parroting the government of India’s wishes without applying its own institutional mind. In such a situation, why shouldn’t bankers take instructions directly from the or from the politicians?

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, February 21 2019. 21:23 IST

RECOMMENDED FOR YOU

.