Letters to the Editor - Moneylife

Letters to the Editor - Moneylife

Read the following letter in Moneylife:



Balanced Analysis
This is with regard to “Indian banking scenario and RBI’s new avatar” by Nagesh Kini. A balanced analysis. Even those who may have difference of views on ‘opinions’ expressed, should ponder over the present crisis of financial sector. The disintegration of established institutions, and migration to the practices of the so-called developed world is following, is doing irreparable damage to the Indian financial system. One remembers the saying:
"Puranamityeva na sadhu sarvam
na chaapi kavyam navamityavadyam
Santah pareekshyaanyatarad bhajante
moodhah parapratyayaneyabuddhi"
(Everything old may not be true and acceptable, all that is new should not be rejected. The wise examines and makes right choices that are good for all).
MG Warrier

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