@article {article1265, title = {Bringing banks back from the brink}, author = {Ajit Ranade}, journal = {Foundation of The Billion Press}, date = 2018-07-02, year = 2018, url = https://www.thebillionpress.org/columns/economy/bringing-banks-back-brink-1265, Abstract = {The perception of safety of deposits in public sector banks is because of an implicit guarantee that the main “owner” or shareholder, i.e. the government of India, will never allow a PSB to go belly up. Depositor money is thus “safe” in a PSB and, as records reveal, no PSB has been allowed to fold up, nor has} }