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In the last months of President Goerge W. Bush administration, as the U.S. economy was tanking under the weight of a housing market burst bubble and financial crisis, Congress passed a $700 billion plan to rescue the economy — despite reckless and excessive risk-taking by large financial institutions and regulators who had fallen asleep at […] ....
Since March 31, 2022, the PSBs market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It s time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay. ....