The RBI is fighting fit at 90

When RBI demonstrates performance, when it takes on board the concerns of all stakeholders, including the government, the political authority is more than happy to let it get on with its job

At 90, the Reserve Bank of India (RBI)  shows not just poise but an alertness and agility unusual at that age. The praise it has received on the occasion from the Prime Minister and the finance minister is well deserved.

The RBI has had a stellar record throughout the economic liberalisation process. Yet, the record of the past four or five years stands out because of the enormity of the challenges the RBI faced in a relatively short period.
 

The Covid-19 crisis hit the Indian economy in 2020, when the banking system was still in deep trouble with gross non-performing