His finest years came when he served as deputy governor under C Rangarajan.
RBI staff tell Governor Urjit Patel that the central bank's image of efficiency and independence has 'gone into smithereens in no time.'
A section of the media on Thursday reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls and that they need more clarity from the Mint Road on certain aspects.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
Stating that its ATM operations are making losses, nation's largest bank SBI has said it is all for charging customers for transactions.
'It is like bombing a building with 200 people to kill 5 terrorists.'
In spite of the high decibel financial inclusion drive being carried out for the past three years, a Crisil study has revealed stark disparities in the spread of banking services, saying the top six cities are home to an astonishing 11 per cent of bank branches.
K C Chakrabarty, former deputy governor, RBI, talks to Anup Roy on issues in the new bankruptcy law and rules.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
'In the coming months, expect more government action that will be packaged as an assault on black money,' warns A K Bhattacharya.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
