This refers to A Seshan's letter "KSK: Gentleman-economist" (June 11). I was working with State Bank of Mysore, Dalal Street branch, Mumbai in 1976-79 when K S Krishnaswamy was the RBI deputy governor. His salary account was with our bank. I was asked to reconcile our accounts with the RBI that was in arrears for more than a year. During the course of verification, I found that we had not responded to credits received on the deputy governor's salary account. When I checked his savings bank account, I found that the salary amount had been credited by debiting his salary account under the expenditure head of our bank. In a couple of months, the salary had been paid again by responding to credits given by the RBI. The balance, however, had not been drawn, but we needed his consent to reverse the credits. That was the only occasion when I went to his office, seeking a letter. I expected to wait outside as I was a very junior officer. But the deputy governor called me in, and while handing over his consent letter, he told me that he appreciated the generosity of State Bank of Mysore, but regretted that he could not avail of the benefit.
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Letters can be mailed, faxed or e-mailed to:
The Editor, Business Standard
Nehru House, 4 Bahadur Shah Zafar Marg
New Delhi 110 002
Fax: (011) 23720201 · E-mail: letters@bsmail.in
All letters must have a postal address and telephone number