Thursday, 23 October 2014

Breaking the bank

The GTB crash has forced us to think twice before depositing even small amounts of money in a private bank. Their ATMs, mobile and internet banking services create a false picture of prosperity and deceive the common people about their financial condition. The only way to prevent such crashes is to have the RBI issue monthly press releases about the financial status of each bank.

(This letter published in India Today August 22, 2004)