Most substandard inteview coming for such a high profile bank.....sheeeee....!!
Look at the quality of Interview of ICICI Bank Ltd's head Ms.Chandra Kochchar.....Just understand why I call this lady sub-standard and ridiculous for the seat she is occupying. It proves that mere having a degree by mugging up some pieces of shits from text books and then vomiting them in examinations to get good mark-sheet does not give one intelligence. Just see the quality of interview of Chandra, you will only laugh looking at the standard......I don't know why this "Junk" from ICICI Bank is CNBC TV18's "Poster lady" like another famous joker, Shankar Sharma...??!!
Q: What is your point of view on these estimates? We have had several comments coming in through the day. A lot of people seem to suggest that, if you are on the path of fiscal consolidation, you are battling high inflation. It doesn’t sit when you then talk about a growth rate of between 8.75% and 9.25%?
Kochhar: These growth projections are reasonably achievable. As the economic survey points out, there are certain unknown risks. It all depends on how these unknown risks pan out. Even today, the underlying factors are still continuing to remain strong.
Consumption is still strong and the investment pipeline is still going on. As long as these two factors keep going on, the economy has a momentum to keep moving at these rates. All we need to look at are the crude prices
and inflation in general.
My take: The question was on the balance between Growth Vs Inflation and look what she answered and which CNBC proudly put up on their web-site......simply ridiculous...!!
Q: FM said that he is worried about inflation and his concern on generalised inflation and inflation affecting the core sector. We have seen banks like yours hiking rate 24 hours ago. He also spoke about the need for monetary action, which is warranted. Where do you really anticipate the rate cycle? We have these external shocks that are needed to deal specially with the crisis in West Asia.
Kochhar: When we talk of rates, we should look at three different kinds of rates – the monetary policy rates which are announced in the policy, the long term rates which get indicated by the Gsec Bond rates and the bank deposit and lending rates which are currently moving in terms of the short term rates in the market.
We would still see some more rate hike in the monetary policy terms, as they are yet back at the pre crisis level, whereas, the growth is back. In the next coming years, we will see more hike on the monetary policy rate. As far as the bank lending and borrowing rates are concerned, the borrowing rates or CD rates have peaked quite a bit.
There is still some scope for lending rates to go up as they go up with a lag. There is still some amount of upward bias in the lending rates. A lot would depend on what happens to the liquidity situation and whether the government spending really remains strong or comes back strongly, during the months of March.
My take: The question was about monetary action to curb inflation and at the same time on anticipation of the rate cycle. Look what she said...Also, she has now coined a new and "outlandish phrase" for CNBC's lexicon "Next coming years".....I can simply conclude she is a qualified f**l.....!!
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