Amid serious business, RBI Governors are known for tongue-in-cheek replies to media questions. When the media complained of late press and circular releases by RBI, Governor Sanjay Malhotra said with a smile: “we work 24x7”. Pointing to reporters he then asked: “What time do you want it to be released? Anyway, we will ensure all our press releases are issued by 6 pm,” he said. Banking reporters hope RBI keeps its promise.

Japan and quality

Quality is a must if India has to make progress. Recently, TK Balaji, CMD, Lucas TVS, emphasised this through an anecdote on how the Japanese, who generally don’t talk much, practice this. Long back, he said, a few Japanese officials had visited the company.

“In the closing session, I asked them : what are you doing in quality? One official went to th

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