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Like with all great crashes, some had noticed the cracks.“… cash balances (of banks) seem, from the available indications, to be hopelessly inadequate; and it is hard to doubt that in the next bad times they will go down like ninepins.
If such a catastrophe occurs, the damage inflicted on India will be far greater than the direct loss falling on the depositors,” said John Maynard Keynes in his May 1913 work “Indian Currency and Finance”, written before his path-breaking work in macroeconomics laid the foundation of dealing with global crises.
The story "150 years of BSE: When 100 banks failed and took stockbrokers with them" has 109 words across 4 sentences, which will take approximately 1 minutes for the average person to read.
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The story "150 years of BSE: When 100 banks failed and took stockbrokers with them" was covered 1 days ago by Business Standard, a news publisher based in India.
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It's most recent story was published 2 hours ago.
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