"When there is a crisis in public sector banks, the Government bails them out and vice versa. In times of stress, how can two weak wings of the same system support each other? When both government sector and financial sector are highly leveraged, then it is a problem. However, I credit the people of India for a stable economy as, fortunately, the household sector here is low leveraged. The stability to Indian financial sector is therefore provided not by banks or by government but by the people of India," ..................
No comments:
Post a Comment