He may have no differences with RBI but the fact remains that he has never identified himself with RBI and his contribution as a Central Banker is less than expected and he has raised his voice against RBI's policy openly.As in charge of Banking Supervision, he has not played his role effectively giving rise to deficit in Governance in Commercial Banks and allowing NPAs to stagger beyond manageable levels. Banks as a transmission mechanism of RBI's monetary policy has weakened and the importance RBI was giving on skill and knowledge in banks was given a go bye.During his period in RBI, the health of banks has gone bad is a fact which cannot be challenged. This premature retirement is avoidable and this gives room for adverse comments.
Dr.T.V.Gopalakrishnan
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