..........The banks failed to cooperate with RBI is a fact and this has affected the economy in different ways. Savings in banks have come down, savings have been diverted to other assets, NPAs have increased, productive loans have fallen down and all stakeholders who include the GOVT, the economy, the depositors and borrowers have suffered in the process. The FM will do well if he can make the bankers to work in the interest of the economy.............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
High expectations.
For once, let me tell a story.
A child was taken to a Musaliar(a Muslim priest) and the mother requested the holy man to advise the child to eat less sweets as eating more sugar was affecting the health of the child. Musaliar asked them to visit him after one month. Mother and child were back before the Musaliar on the same date next month. Musaliar had this advice to the child: “Mone, (the word for ‘dear son’ or beta n Malayalam), what your Amma is telling you should obey. Last time when you came, though old, I was also eating lot of sweets and doctors had told me to reduce intake of sweets. I didn’t want to advise you, before I had myself followed my doctor’s instructions. Last one month I have practiced what I am preaching to you now. Please keep intake of sweets to the minimum”
The child was impressed and followed the advice.
When FM has no control (i) on the adhoc hikes in remuneration at top level in private sector banks, (ii) on movement of funds and resources including gold across the border (iii) on wages, income and prices in general, how he will be able to impress the bank executives just by lecturing or arguing?
Post a Comment