I think India's policy that the openness of trade should be carried through a multilateral process is the right one. Urjit Patel More Quotes by Urjit Patel More Quotes From Urjit Patel Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard. Urjit Patel resourcescreditmoralfinancial It is easy and quick to fritter away gains regarding macroeconomic stability. Urjit Patel quickawaystabilityeasy There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense. Urjit Patel needtrybe-carefulaccounting People were holding high denomination notes to keep tax unaccounted for money. Some sectors like real estate were using cash to avoid tax. Urjit Patel real-estatemoneyrealpeople The RBI is interacting with the banks every day. Urjit Patel every-dayeverydayinteracting
