Letters: RBI needs to act firmly

Haldea has rightly focused on the dilemma facing honest taxpayers

With reference to Gajendra Haldea’s article, “Monumental failures of RBI” (August 23), I fully agree with him that the Reserve Bank of India has failed to perform its role as regulator of the banking system in India. One reason might be the invisible intervention by vested political and government agencies and people.
 
Besides, with respect to demonetisation, the implementation of which was a mess, the RBI virtually followed the dictates of the government.
 
One wonders what the RBI was doing when non-performing assets (NPA) were piling up even as banks were writing off bad debts. There is a