How RBI caused the Yes Bank and PMC Bank Collapse

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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