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Why Foreign Firms Have Bit the Dust in the Financial Sector

Among the many arrogant quips and replies given by foreign banks immediately following the securities scam of 1992, was: “If you keep your front door unlocked, you are likely to be burgled.” This comment came from a cowboy banker from Citibank. ....

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Debashis Basu: Why Foreign Financial Firms Quit India

There was no smooth surge in middle class prosperity for foreign businesses to tap into because of the Indian economy was mismanaged, argues Debashis Basu. ....

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