Selecting a bank account and advantages /disadvantages of the same
- Thread starter cn17
- Start date
lukechester
New member
@cn17 A lot of banks can be considered "Too Big to Fail", I'd say anything above "d" in your classification.
Look at how quickly the RBI stepped in to find someone to recapitalize Yes Bank - that's exactly what any central bank would do if a large number of people were about to lose their savings.
Compare Yes Bank to the PMC Bank fiasco - depositors were locked out for a loooooong time.
Look at how quickly the RBI stepped in to find someone to recapitalize Yes Bank - that's exactly what any central bank would do if a large number of people were about to lose their savings.
Compare Yes Bank to the PMC Bank fiasco - depositors were locked out for a loooooong time.
@lukechester PMC depositors are still locked out 
@lukechester Agree with it. The banks consider too big to fail are by definition of RBI.