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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, January 2, 2012

News on banks' profit in 2011

The Financial Express publishes news on banks' profit in 2011. The news confirms that growth rate of banks' operating profit declines in 2011 due to plunging stocks, slashing interest rate spread and liquidity shortage in the sector.

Here are the news links:
Growth rate of banks profit declines in 2011.
Mixed trend in PCBs' profit in 2011.

Comment: Now, it's clear that banks were largely involved in stock market trading and made significant profit through participating games in the market. So, those blame general public who shouts in the street, please open up your eyes and put your finger to the right culprits, not on the innocent people. They are just shouting to get back their looted money.

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