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two. Effect on Indian Financial system: This disaster also had a deep effect webpage on Indian economic climate such as the banking sectors well. Collapse of Yes Bank was extremely undesirable, in a juncture when The expansion from the Indian financial state has dropped to five%. Now it absolutely was predicted that men and women may perhaps gravitate in direction of general public banks that happen to be by now unwilling to provide credit rating.
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Following desk depicts the Sure Bank’s overall performance compared to other private banking institutions during the country.
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