Liberal opinion holds that the international monetary and financial system is a device for promoting…
The other face of Private Banking C.P. Chandrasekhar and Jayati Ghosh
Private banks, especially foreign ones have relied on off-balance sheet liabilities to earn revenues and profits, courting risk and leaving the business of banking proper largely to the public sector banks.
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(This article was originally published in the Business Line on January 15, 2018)