HDFC Bank’s lending to large & small companies surged 63% over 2 years through 31 Dec as economy went from world-leading growth to slowest expansion in 6 years.
Yes Bank takeover is first instance of a large bank falling prey to contagion from NBFC crisis that policy makers have struggled to contain for 18 months.
Private sector banks were once considered to be more accountable with stringent regulatory practices in place. Yes Bank crisis has undermined these assumptions.
In 2022, athletes claimed they were asked to wind up training early at Thyagraj Stadium so that the IAS couple could walk their dog. Then came the memes and public outrage.
Instead of buying more Mirages outright in early 2000s, the requirement was tweaked in favour of a medium-weight, multi-role fighter with Mirage-like performance.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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