Speaking with media on 14 October 2019, the FM had said, "If the attempt is to keep it as a going concern, then you cannot invoke it (deposit insurance) and not give that Rs1 lakh. This is a hard technical fact. The attempt by RBI is to see if it can be kept going, and everybody's payment is made."I appeal to you not to mention/speak/write of such extreme things. Multi state cooperative institutions do not come under Ministry of Finance, even if they are called banks. @RBI is their regulator and they are taking action.
— Nirmala Sitharaman (@nsitharaman) September 30, 2019
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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