This rampant lying and collusion all around the economy has resulted in a severe erosion of trust, such that the Mint reports that bankers do not trust corporate borrowers and NBFCs beyond a few names. They are thus unwilling to lend and have parked over Rs. 2 lakhs crore of funds with the RBI, preferring safety, even if that means a paltry return/income for them. In this episode of the Business Tit-Bits, our Business Editor shared his take on the matter.
#PMCBankScam #HDIL #ILFS
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