Recently Mises India Institute President Dr. Madhusudan Raj was interviewed by Mr. Yohan Tengra of Anarchy for Freedom about the on-going banking crisis in India. After the collapse of PMC bank few months ago, recently another big bank Yes Bank has also collapsed. Depositors have lost their everything; some have lost their lives also. Who is responsible for this crisis? What role the Indian central bank RBI has played in this crisis? Is RBI our savior or a root cause of this crisis that we see in the Indian economy? Dr. Raj discusses these questions in his interview below.
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