India's fragile financial services system hangs between hope and despair

India's fragile financial services system hangs between hope and despair

Photo: Bloomberg

India’s fragile financial system is swinging between despair and hope. Two separate incidents — both featuring the lender Yes Bank Ltd. — recently underscored the drag of past underwriting follies as well as the lift from a digital reset. It will take time, but good things will come to Indian banking as a result of the present crisis.

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