"KING:'What are the challenges for RBI
now? Are they going to do rapid mergers of Nationalized Banks?'
HERMIT:'The question of merging the Nationalized Banks does not arise
at all. Indian Economy is still not in a good position. Inflation is
still a thorn for RBI. Moreover, the Industrial Production and its
demand in the market is not so healthy. UPA Government is not at all
supportive to RBI. Overall, it is a confusing situation for RBI.'
KING:'Supreme Court must try to intervene in this matter to give some
more autonomy to RBI to have a good control over Indian
Economy.'"-Arindam Sain
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