BANKS ARE FINANCIAL INTERMEDIARIES BETWEEN SAVERS AND THE BORROWERS IT IS RBI TO HOLD THE KEY

BANKS ARE FINANCIAL INTERMEDIARIES BETWEEN SAVERS AND THE BORROWERS IT IS RBI TO HOLD THE KEY :--The policies of the government must have appropriate action and outlook on the deposit as well as distribution of the money as the banks are too accountable to their share holders  it's not  as if savers are a well off class most of them are pensioners and the small business man to whom the interest of their deposits  is a significant source of income. The policy of the government to waive of the loans or the interests is an issue of distributing the money and beyond the purview of the banks definitely it
will have to borne  by the government itself and is a complex political economic burden on the system of banking for which the RBI should issue and decide the interests and safeguard the welfare of the small savings stakeholders instead of reducing the interest in contrary as the banking system of cash in hand required to be maintained and protected by law as not mandatory
The banks could not deny the reasonable amount of interest  on the deposit to their stack holders  semblance to the recovery of interst from borrowers as accounting and charging in the present system of governance required to be kept safe and sound as well as enjoined by the study of protocol mentioned in the law of limitations for the all . Accordingly the RBI in exercise of its regulatory powers and the approvals necessary decision of the government must have obtained to safeguard the interests of a common man and all as the resources of the government are maintained by the taxes and the borrowing that is from the current and the future course of recovery from the taxpayers as well as borrowers.