Tuesday, March 19, 2013

Book review oddly timed

The Hindu has published today a flattering review of the book authored by Tamal Bandyopadhyay on HDFC Bank. The book is titled "Bank for the Buck". The review is written by N.S.Vageesh who heads the Mumbai bureau of Business Line.

The book is in total praise of Deepak Parekh and Aditya Puri. The hagiographic book creates a false impression in the minds of readers that these two leaders can do no wrong. This was taken as an acceptable exaggeration till the Cobrapost revelations about HDFC Bank (and two others of lesser repute) became public. Not any longer!

The Hindu could not have chosen a more inappropriate time for publishing this "you scratch my back, I will scratch yours" review. The writer seems to be in total awe of the author of the book.

Bankers have started renaming the book as "Bank for the false Buck". Unbounded flattery usually backfires.

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