You are here: Home » Opinion » Chinese
Business Standard

Smile index

Business Standard  |  New Delhi 

H R Khan, deputy governor, Reserve Bank of India (RBI), has this habit of smiling at the audience a lot. This would not matter in the ordinary course but, according to C V R Rajendran, executive director, Bank of Maharashtra, a banker’s smile can be misleading. Bankers do not smile, it is their code of conduct, he joked, so when top officials smiled after the monetary policy review, it is taken to indicate a That is how Khan’s smile created some confusion during a monetary policy review. Bank of Maharashtra’s treasury officials took a long position in the gilts market expecting a and the bank’s balance sheet became lighter. But there has been no by the since April 2012.

First Published: Thu, November 29 2012. 00:05 IST
RECOMMENDED FOR YOU