Who will blink first—Chaudhuri batting for the customers or Chakrabarty insisting on banking austerity?
Apart from inflation, what else does the Reserve Bank of India fear? The central bank, under D. Subbarao, is not too scared of the Central government. But it is worried about the autonomous noises made by India's largest public sector bank. Successive chairmen of State Bank of India have drawn the ire of the banking regulator. ........
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