Public CompanyStatistical lie
In a country where data and information flow is like water on the Moon, bankers who are smart often take advantage of a statistical lie. “When I was a general manager in the planning department, I used to say come to me, I will give all the information.
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My colleagues wonder how I could have all the information on number of accounts, branches, credit growth etc. Since, nobody has access to any information, whatsoever I say cannot be checked by others!” That is former banker-turned-regulator KC Chakrabarty, an RBI deputy governor who himself is a statistician.