India needs to reform the way it handles bank failures
In most Indian bank failures over the past two decades, the standard recourse for the RBI and government has been a shotgun merger with another lender. This benefits the banks' investors while leaving depositors in the lurch
In most Indian bank failures over the past two decades, the standard recourse for the RBI and government has been a shotgun merger with another lender. This benefits the banks' investors while leaving depositors in the lurch