The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.......
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation, while the refusal of banks to cut rates is a case of unwillingness to reconcile to a lower profit......