Here we have some encouraging news. Amidst the din of the financial turmoil and the all-consuming fixation on rate cuts over the last six months, a seminal report on the health of the Indian financial system has received less notice than it deserved.
Committee on Financial Sector Assessment (CFSA) In March this year, the Government and RBI jointly released the report of the Committee on Financial Sector Assessment (CFSA) that was co-chaired by Deputy Governor Rakesh Mohan and Finance Secretary Ashok Chawla.