The recent war of words on CRR between RBI Deputy Governor and SBI Chairman goes beyond the subject itself. First, the media should ascertain the views of the chairmen of other banks. The RBI Deputy Governor will find himself in a hopeless minority. No chairman of another bank ever has the courage to say anything against SBI till he gets into RBI. There was a time when SBI officers ran many other banks. When these banks wanted a chance to get into SBI, the experiment failed when such a chairman mishandled the Harshad Mehta snafu in a ham-handed way. Also, RBI can never forget that SBI’s genealogy beats that of the RBI by more than a century and that SBI, in its previous avatars, was virtually the first RBI from 1862 till 1935.
- T R RAMASWAMI (ET)
No comments:
Post a Comment