Banking sector has remained the backbone of Indian economy since independence. One essential lesson from the disaster was that few nations had an sufficient framework for resolving the failure of a systemically necessary bank or monetary establishment in an orderly style. Moreover, the present resolution tools didn’t handle the cross-border issues that occur with globally lively banks. Enhancing the resolution framework is a crucial element of efforts to address the systemic dangers posed by the biggest and most interconnected of the international banks.

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In America those to the correct have tried to recommend that Liberal Democrats held the banks at gun level until they handed over all their money to the underclass and other undeserving sections of American society who couldn’t wait to …