ADVERTISEMENTREMOVE AD

‘Reverse’ Bank of India: Is That The RBI’s New Identity?

The changing notifications have made even the most ardent demonetisation supporters wary of the government’s plans.

Published
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large

Ever since demonetisation, the RBI hasn’t inspired much faith in the people of India.

Randeep Surjewala of Congress bestowed a new name upon the bank: ‘Reverse Bank of India’, alluding to the number of times the bank has issued notifications and then gone back on them or changed them entirely.

ADVERTISEMENTREMOVE AD

With the entire nation standing in bank queues, every new notification only adds to the confusion and raises questions about the government’s level of preparation before announcing the move.

Reliance Bank of India

Some people speculated on the RBI’s various “schemes,” and said they were similar to Reliance’s policies.

These notifications have led to even the most ardent supporters of demonetisation scrambling to save face.

(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)

Speaking truth to power requires allies like you.
Become a Member
×
×