Banking Sector Reforms and Transparency

N P Kurup Though the reforms in the banking sector have not seriously derailed the system, they have undermined the sector's social commitments. The acceptance of such reforms by the people, especially in the rural areas, remains to be tested. This affile draws attention to the need for meaningful data in the context of the reforms. On examining the reform- initiated data on non-performing assets, provisioning and write-off, the author suggests that a study group be appointed on banking statistics to establish the credibility of the data base as a prelude to further transparency.