...........While the nature of ties between North Block and Mint Road have tended to fluctuate, the statements by Jaitley and Rajan signal a relationship that may be cordial rather than frosty as had been speculated...............
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It augurs well for both the RBI and the GoI to begin the new day with the meeting of the FM by the Governor, RBI. From the past experience of two FMs (PC and Pranab Mukherjee), a simple request to the present FM Mr Jaitley. Let him not flood his constituency (fortunately he has lost in the LS election from Haryana) with opening of new branches of PSBs as his predecessors did. In Sivaganga, they used to say that one day, there will be more bank branches than the population of the district. RBI was also a silent witness to these supposedly popular measures (which became totally unpopular with bank branches becoming unviable with very little scope for growth through new clients acquisition)when CMDs of PSBs bent backwards in opening branches of their banks without any assessment of their viability. Murshidabad is also not an exception to this during the tenure of Mr Pranab Mukherjee as the FM of this great country.
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