Do bank deposits really need crutches?3 min read 21 Jul 2014, 12:40 PM IST
Competition from debt funds is not even a dot on banks' unparalleled resource franchises
In the din on credit quality that has pervaded the media and analysts’ attention in the last five years—even my local grocer, who claims he has no bank account, talks about non-performing loans—I had almost forgotten that banks begin life by making a spread between lending and borrowing! Thanks to the finance minister for reminding us that.
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