....There was pin-drop silence as the audience, comprising top bankers, didn’t know how to react. They were only too aware of the recent public spat between the RBI Deputy Governor and the SBI Chairman on the latter’s argument that CRR should be abolished. News hungry reporters rushed outside to flash the “story” to their respective websites, agencies and on television. Some even went to the extent of flashing “news” about a possible end to CRR that sowed confusion in the bond market.......
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