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India Bank Runs & Bank Bankruptcies - Crisis Widens amid a Collapsing Economy
The Survival Economist: 3-12-2022
A full-fledged crisis is going to hit the Indian banking sector soon with Yes Bank, Lakshmi Vilas Bank, Dewan Housing Finance Corporation DHFL, Indiabulls Housing Finance, Reliance Capital, Altice and scores of Non-Banking Finance Companies going bankrupt. Tighten up India's own Lehman moment is approaching fast. The recent banking catharsis, which was brewing up since the past years, was bound to erupt and was indeed the major spark leading to the banking system being cash strapped.
Worst times seem yet to come and sincerely hope that the rejuvenation measures take lesser than four years to resuscitate a somewhat dwindling economy for now. The slowing of the economy is beginning to reflect on the individual segments too.
https://dinarrecaps.com/our-blog/india-bank-runs-amp-bank-bankruptcies-crisis-widens-amid-a-collapsing-economy
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About Jeffrey Prather
Retired Special Operations Soldier, former DIA Intelligence Collector, and ex-DEA Special Agent, Jeffrey Prather, delivers situational awareness and breaks down what’s coming for freedom-loving patriots.
Targeted by the Deep State, Jeffrey became a whistle-blower and refocused his mission to serve you with...
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