RBI’s fin sector assessment report: An analysis
March 31st, 2009
The Reserve Bank of India’s (RBI) report on financial sector assessment today indicated that the central bank is confident of the economy growing at 8% but is worried about the fiscal expansion. It is also keen to go ahead with reforms on the corporate debt market, strengthen banks and ensure greater capital act convertibility. The financial sector assessment is an annual health check-up exercise undertaken by a country along with the International Monetary Fund and the World Bank.