More capital and liquidity: towards what end?4 min read 18 Feb 2014, 01:38 PM IST
The conclusions from the recent RBI paper on net stable funding ratio should get us worrying
Seldom do Reserve Bank of India (RBI) working papers attract as much attention as committee reports or discussion papers. That is partly due to working papers produced generally by academicians within the RBI fold, but more because committee reports and discussion papers have an element of fait accompli in them. They are supposed to be acted upon, with the tacit understanding that there will be minimal changes—one banker had quipped to this author that from the discussion papers to the final guidelines, RBI only corrects spelling mistakes.
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