US private banks fail routinely and are bailed out with public funds. Rajan, Acharya should know our depositors deserve better
Raghuram Rajan and Viral Acharya, former governor and former deputy governor of the Reserve Bank of India, get a lot of play in the Indian media. Recently, they published a research paper —‘Indian Banks: A Time to Reform?’ on September 21 which has been widely reported. Both the authors have had enough exposure and access to information about the harsh events that have taken place in the world of finance and banking.........................BL