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Gaurang Shah

Gaurang Shah

The author is retired banker and has earlier worked at Kotak Mahindra Bank

The author is retired banker and has earlier worked at Kotak Mahindra Bank

Gaurang Shah

The money never really left the bank: Bill for repricing has now arrived

Mutual funds did not drain India's deposits. Banks repriced their own liabilities - and the bill has now arrived

The money never really left the bank: Bill for repricing has now arrived
Updated On : 11 Aug 2026 | 10:16 PM IST