Wednesday, April 01, 2009

Financial sector assessment programme

The RBI has finally unveiled its document arising from the financial sector assessment programme. Here is the link to the PPT and the report. It is, on the whole, an upbeat assessment of the state of Indian banking. Commercial banks are in good shape. Cooperative banks, regional rural banks and NBFCs constitute the problem areas.

There are clear signals in the document that the RBI will tread warily when it comes to financial sector reform- and especially in areas such as capital account convertibility, foreign banks and securitisation. No serious student of Indian banking afford to miss this report of the RBI.

1 comment:

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