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The writer is Professor of Practice (Economics) at IIM Kozhikode and former executive director, RBI. Views expressed are personal. The column has been edited for space.
The RBI is moving to implement changes in guidelines on Liquidity Coverage Ratio with higher runoff rates and haircuts
Asset quality of lenders has improved, but financial resilience in a system is best built in good times. It is time for the RBI to press the governance accelerator