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With the US and Swiss governments stepping in to bail out failing banks has the danger of contagion been contained? Recent history of banking crises suggests otherwise. And though the RBI’s conservatism may avoid the kind of wipe-out that afflicted Silicon Valley Bank, the risks to the broader economy remain, says T N Ninan. Read it here
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First Published: Sat, March 18 2023. 06:30 IST
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