Sunday, March 24, 2013

Shame on you bankers....

For the past few weeks there is this talk about high cost deposits wrecking havoc in the psu banks. As expected sbi chief also shedding crocodile tears about his inability to pass rate cut benefits due to difficulties in deposit mobilisation.

As a mangoman i wonder what is the problem? If your deposit interest rate is not attractive enough obviously you have to raise interest rate. You dont want to do that for the reasons best known to you.

If bankers want to help real estate brokers at the cost of other sections then that is perfect receipe for disaster.

You can extract rate cut from rbi by coaxing and dancing with finance minister,but can never change economic rules.

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