“The Reserve Bank of India had a formidable reputation.Today, people’s trust in the Indian banks is shattered and the reputation of the RBI is dented,” Sharma told reporters here.
The ex-Union Minister for Commerce said, “I am telling you why. People who toil hard have small small savings. You put your money in the bank and you have the assurance that the money is safe. When I need it, I can go to the bank and withdraw it.”
“But the bank is not giving that money. Because cash is not available and the cash which is available is not coming from board or the counter”, he said.
