The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

We could be on the cusp of banking 2.0

Business Standard

The Reserve Bank of India (RBI), along with the Ministry of Finance, have taken various steps during FY15 that helped set up a strong base for the economy, and I expect RBI will be focused on building on the good work of the past year. We have come a long way from the days when the currency markets, money markets and equity markets were in a state of turmoil. The policy action has provided much needed stimulus and stability to the markets. The goal is to improve the ease of doing business in the country, promote manufacturing, and build a climate that propels growth, in addition to stimulating activation in the numerous financial inclusion clients who have come into the banking system.Many efforts have been taken to enhance the operating platform during FY15 in the areas of non-performing assets (NPAs), credit costs, composition of boards and corporate governance, which made it a landmark year from the perspective of regulatory/ financial changes. While it ensured that restructuring di

RBI to build on strong base

Given the current economic and political environment, it was expected that the FM would need to do some tightrope walking and major economic reforms would certainly have been difficult to carry through. There was need to improve the tax-GDP ratio while ensuring that it does not hurt growth or spur inflation.

Shyam Srinivasan

Shyam Srinivasan

Shyam Srinivasan

We could be on the cusp of banking 2.0

RBI to build on strong base

Guest column: Budget looks more credible and realistic