dvader
TF Ace
Handling of demonetisation, Yes bank Failure, PMC fraud to name a few. RBI comes into action when it's already late hence can't be trusted. Better to park money elsewhere till things settle down.
You dont understand central bank dont you.
Demonitization was a Govt policy. RBI can give recommendations and it rightfully did, the board highlighted that the impact on black money might be small and it will disrrupt the economy in the short run. Now whether it was good or not is a separate matter.
No depositor lost a single rupee with YesBank that's an A+ grade for RBI. RBI came in action at the right time. I hope you understand difference between Magic and Reality. They came in action as early as practically possible.
PMC: RBI already had an advisory against cooperative and municipal banks. Even then ut tried to do the best it can. RBI regulates the parameter, it doesn't have a time machine to detect fraud. They have full timeline to payback every depositor, every single penny. Even though they could have gone just with 5L dicgc.
Again, if you don't believe in your central bank, why park money elsewhere, all banks would be worthless in that scenario.
Your logic is, I don't trust RBI for IndusInd but I trust them for all the other banks.
RBI is strong and competent regulator. You have no other choice than to trust them, no one in any country has a choice when it comes to central bank.
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