Thursday, November 1, 2012

By calling CRR a waste, SBI chief questions banking history

.....The, State Bank of India (SBI) Chairman Pradip Chaudhuri said: “I still hold that CRR is a waste for the economy.” For anyone who understands the basics of banking, and presuming that the chief of the largest bank in the country does, this is a statement that should not have been made. Let’s try and understand why.......

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