The only stakeholders who have maintained their confidence in the Indian banking system till now have been depositors. This is a more general truth for the troubled Indian banking sector as a whole. The only stakeholders who have maintained their confidence in the Indian banking system till now have been depositors. The ongoing Indian banking mess calls for a radical overhaul of the system. The harsh fact is that no country with a broken banking system can hope to grow rapidly, in effect compromising the battle against poverty.

Source: Mint April 10, 2018 20:37 UTC