Saturday, July 27, 2013

What a man?

SBI chairman goes ballistic against RBI about the liquidity situation. He said that RBI could have raised interest rates instead of choking liquidity. Now let us dissect this idiotic statement.

1. First SBI chairman says SBI liquidity position is comfortable.
2. Importantly the same person says until last week, a rate cut is needed. In fact he shouted more than the corporate mafia shamelessly. But now why this U-turn?

I have already written about this comedy banker few months back. Search in this blog somewhere about his chamchagiri to the finance minister.

In my opinion his influence on RBI as a largest banking group of the country is huge and he should also be fixed responsible in the coming GREAT INDIAN ECONOMIC COLLAPSE.

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