Plain atrocious

Plain atrocious: This refers to the report, ‘RBI has no defaulters’ list!’ by Rahul Wadke (April 14)...



The Hindu Business Line, April 14, 2016




 
 

Letters
PLAIN ATROCIOUS
This refers to the report, ‘RBI has no defaulters’ list!’ by Rahul Wadke (April 14). The insinuations are wild and atrocious. The RBI is not expected to keep a defaulters’ list. Not just the RBI, it is impossible for the CAG to keep track of defaulters with respect to Central and State government departments and statutory bodies audited, for SEBI to compile on an ongoing basis a list of companies that are not collecting their dues promptly or, for that matter, for any regulator or supervisor to do book-keeping for other organisations. The RTI Act doesn’t expect such compilation of data.
Banking, like equity markets, is sensitive to violation of trust and as Usha Thorat indirectly mentioned, let us not destroy an institutional system which is still working well in India.
MG Warrier
Mumbai

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