Faith in Our Banks: Shaken, but Not Stirred
We are all living an illusion when it comes to our financial system. Especially when it involves public sector banks (PSBs) which are rickety but rock-solid since they have an implicit government guarantee behind them. And, now, the government has a come out with a new Bill soon to become an Act—Financial Resolution & Deposit Insurance Bill (FRDI Bill)—which, as the draft states,...
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