one of the major financial institutions (UTI, ICICI, HDFC and now IDBI) sporting a commercial bank of its own. Given this situation, the scope for the failure of a single leg of multi-cornered transactions of banks and financial institutions, particularly capital market and real estate deals, producing system-wide repercussions is vastly enhanced, creating dangerous possibilities.
To read the full text Login
New 3 Month Subscription
to Digital Archives at
₹826for India
$50for overseas users
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.