Small, large and systemically important banks

In the last few days of December, as 2024 approached, phone calls and text messages were in abundance. Predictably, most conveyed New Year’s greetings. But there were a few that had nothing to do with greetings. These were anxious calls and curious messages from people in my contact list, and beyond. They wanted to know if their money was safe in their banks.

What was the provocation for this?

Disclaimer: These are personal views of the writer. They do not necessarily reflect the views of or the Business Standard newspaper

First print: January 21, 2024 | 5:38 PM IST