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'Public sector banks fear being hounded by the 3Cs'

'Public sector banks fear being hounded by the 3Cs'
'Public sector banks are like an extended arm of the government.''They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.' Illustration: Uttam Ghosh/Rediff.com Tamal Bandyopadhyay has been writing on the crisis in India's banking sector for many years. At a time when it has come to a point that the government was forced to announce an unprecedented recapitalisation plan of Rs 2.1 trillion for public sector banks, ...
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