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| "If the SBI Chairman is not able to do business as per our regulatory environment, he has to find some other place," RBI Deputy Governor K C Chakrabarty said in a sharp reaction to Chaudhuri's recent comment that CRR does not help anybody and it was unfairly put on banks..... |
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Tuesday, August 28, 2012
Play by rules or look elsewhere, RBI's message to SBI boss
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Though some spicy dialogues between elite members of India Inc or bosses in financial sector help us keep awake, some self-regulation is expected from people like Dr Chakrabarty when they speak out in media glare. SBI Chief was not violating any regulatory stipulation, but was expressing a view. Let us not take things to a C Vs C situation by off the cuff remarks. m G Warrier
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