...........Instead of launching an inquiry, Deputy Governor of the Reserve Bank of India (RBI),KC Chakrabarty assures us that Kingfisher Airlines “does not pose any systemic risk tothebanking system.” Does this mean that RBI will wait until the system is at risk and then organise a bailout at taxpayers’ expense? Is it practical for the mango-people to approach the courts to ask why the watchdog failed even to bark, far from biting? .............
Read - Moneylife
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