ON HIGH GROUND
THE CENTRE FEELS THE RBI IS MORE THAN ADEQUATELY CAPITALISED. BUT WITH LIABILITIES UP 10% SINCE LAST YEAR, IT NEEDS TO PRESERVE RESERVES & DEPOSITS TO SHIELD THE ECONOMY FROM FUTURE SHOCKS.
THE CENTRE FEELS THE RBI IS MORE THAN ADEQUATELY CAPITALISED. BUT WITH LIABILITIES UP 10% SINCE LAST YEAR, IT NEEDS TO PRESERVE RESERVES & DEPOSITS TO SHIELD THE ECONOMY FROM FUTURE SHOCKS.