With the US and Swiss governments stepping in to bail out failing banks has the danger of contagion been contained? Recent history of banking crises suggests otherwise. And though the RBI’s conservatism may avoid the kind of wipe-out that afflicted Silicon Valley Bank, the risks to the broader economy remain, says T N Ninan. Read it here
In other views:
Aditi Phadnis traces Devendra Fadnavis’ career, pointing out that he staked everything to ensure the BJP returned to power in the state. Now that it has, he stands to lose a lot. Read it here
Sandeep Goyal