Be A Depositor, Not A Shareholder

Why the stocks of public-sector banks are bad investments

The finance ministry, the de-facto owner of state-controlled banks, has just given me one more reason for not investing my money in the shares of these banks. The ministry has indirectly tried to arm-twist these banks not to raise interest rates, even though their cost of borrowing is going up. The owner has sent a message that these...

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