Rajan talks about deepening mkts, plugging leakages: SBI

Written By Unknown on Rabu, 04 September 2013 | 23.25

New RBI governor Raghuram Rajan's speech was as unexpected as it was bold. Soumya Kanti Ghosh, Chief Economic Advisor, SBI , feels it composes of everything, right from deepening the markets to stabilising the markets to plugging leakages.

Also read: Raghuram Rajan arrives with a bang

Below is the verbatim transcript of Soumya Kanti Ghosh's interview on CNBC-TV18

Q: Your first reactions to what we heard from the new Reserve Bank of India governor?

A: If one looks at the steps which he has taken it composes of everything - from deepening the markets to stabilizing the markets to plugging the leakages and he has even talked about making a repository of borrowers of the corporate borrowers. I think that is a great step he has indicated. I think it is more like sharing the information within the banks and that could actually go a long way in helping all the banks.

Q: Going back to what Raghuram Rajan has to say that we will take measured steps as far as rising non performing assets are concerned - but we would appreciate if promoters inject more equity as opposed to banks that have to inject equity how would you read this?

A: I would like to add one important observation which I have made at the beginning is that looking at this from an exposure point of view across banks and creating a repository of the information across banks that is a very good idea. If one looks at the credit scores which the consumers right now have, taking some sort of exposure across banks sharing the information that is going to help the banks a lot in managing their exposures on a real time basis.

I would like to add one more point to the entire flurry of test which the governor is taking - one, very interesting observation is that he talked about internationalising the rupee and that is the very bold step at this point of time.
 

more to come.



Anda sedang membaca artikel tentang

Rajan talks about deepening mkts, plugging leakages: SBI

Dengan url

https://gayafashionshow.blogspot.com/2013/09/rajan-talks-about-deepening-mkts.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Rajan talks about deepening mkts, plugging leakages: SBI

namun jangan lupa untuk meletakkan link

Rajan talks about deepening mkts, plugging leakages: SBI

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger