<b>Letters:</b> Viral's message

RBI is not comfortable with the hit-and-run or first-aid approach of handling problems

With reference to Anup Roy’s report, “Viral suggests 2 AMCs to tackle bad debt” (February 22), it is comforting that the transparent approach of the Reserve Bank of India (RBI) in policy formulation, which evolved during this decade, is being strengthened by the central bank’s deputy governor. The following observations made by Acharya carry a significant message for all stakeholders:

“Only a bank that fears losing its deposit base or incurring the wrath of its shareholders is likely to recognise losses in a timely manner. In many of our banks, such market discipline is simply not present at the moment. In