The report on Annual Financial Inspection (AFI) – the karwa sach (bitter truth) note on banks prepared by the Reserve Bank of India – is slimmer by 70 to 75 pages from the previous 100-odd. Here are some reasons, according to a central banker:
* If an AFI report is 100 pages, the bank concerned should not survive.
* In any case, no bank chief takes it seriously and rarely reads it fully, so it is better to save costs by printing fewer pages.
The buzz is that bankers are no longer taking the slimmed-down 25 to 30 page report as casually as they did its thicker predecessor.
