..........It is difficult not to compare Chaudhuri with his predecessor because he spent much time undoing the past. Starting with provisioning of Rs 10,000 crore to mending ties with the regulator, the Reserve Bank of India (RBI), who had objected to teaser loans launched aggressively in the earlier years. Chaudhuri simply stopped the product. Bhatt chased growth and famously made ‘the elephant dance’ whereas Chaudhuri had to work hard to slow down the elephant. Bad economic conditions, both globally and India, warranted such a move. Slowing down did not mean that Chaudhuri didn’t a colourful tenure. In the past year or more, he has crossed swords with the regulator by.....
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