70 years of banking in India: when will the financial repression end? – Livemint

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70 years of banking in India: when will the financial repression end?
Livemint
Most banking activities in India (transactions based on inland bills of exchange or hundis) worked on mutual trust, sans securities, the bedrock of British banking. Kautilya’s ‘Arthashastra’ (400 BC), a Sanskrit treatise on statecraft and economic

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