Curb window-dressing

| Updated on: Apr 19, 2012

This is with reference to the report ‘RBI looking into window-dressing by banks' [ Business Line , April 19] . I doubt whether this will have any impact.

The Reserve Bank (RBI) warns banks against window dressing of deposits with a circular issued in the last week of March every year.

If any bank takes the warning seriously, it will come under attack from every stakeholder as it may result in a show of negative business growth in certain segments.

The best way to discourage banks is to make them disclose the credit/deposit position as on March 1 and March 16 along with short-term loans/deposits of Rs 1 crore and above sanctioned or taken in March.

The credit position in the first and second week should also be shown.

Rangarajan L


Clean energy

Regarding the article ‘Coal output is key to energy security' [ Business Line , April 19] , it is imperative for India to explore other energy sources, such as hydel and wind. India has the capacity to produce close to 80 GW of hydel energy, but only 5-6 GW has been harnessed so far.

The scenario in wind energy is similar. Further, excess power is stored using pumped hydro electric storage, which is wasteful. Better processes like ultra-capacitors must be considered.

Bulky transformers used for power distribution are highly inefficient and must be replaced with upcoming technologies such as switched-mode power supply (SMPS). Moreover, compared to the global average of 10 per cent, transmission and theft losses are close to 35 per cent in India.

Srinivaas G.


Published on March 09, 2018

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