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Yes Bank Rescue: Yes And No
The Yes Bank bailout method has diminished RBI’s capability to rescue more financial institutions, argues Praveen Chakravarty.
22 Mar 2020, 03:55 PM IST
Banking, as we know, is a very simple business that involves taking your money at a certain interest rate and lending it to another at a higher interest rate to pocket the difference. It is not as skillful as creating technology products to change the world. Neither is it as profound as doctors saving lives or teachers shaping the next generation.
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