Business Standard

Smile index

Related News

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 repo rate cut. 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 repo rate cut by the RBI since April 2012.

Read more on:   
|
|
|
|

Read More

Singh and Sher

R P Singh, the former Comptroller and Auditor General (CAG) official, has been hogging the limelight for turning the heat on his former boss, ...

Quick Links

Financial X-Ray Rss icon

Cognizant's acquisition to put pressure on cash-rich IT firms

Buying cloud technologies imperative, as these are expected to account for 20% of incremental revenues of top 5 IT firms

Mining glitches for Hindalco

Lack of clarity on coal blocks & bauxite mining bans add to uncertainties

Latest News

Back to Top