The Reserve Bank, too, is expanding its disclosure to the markets, even while setting for itself exacting standards of quality and timeliness. A recent example is the release of daily cumulative balances held by banks with the Reserve Bank, over and above its daily, weekly, monthly and less frequent disclosure of information and analysis of a wide array of macroeconomic and financial variables.
In India, credit-related information in the banking sector is confidential in nature and lenders are bound by the secrecy embodied in the present legal framework.