Your editorial, (‘A devalued central bank’, November 6), was very timely and appropriate. The former Governor of the RBI was at odds with the finance ministry on what needed to be done and now that he is no longer in the saddle, the ministry is running the RBI.
All the examples you have given are apt and were the cause of the problem of rising NPAs in the past — namely that decisions which should have been taken by bankers were taken by their political masters.
Sanjay Chugh, Mumbai
