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Tamal Bandyopadhyay: Tough Times Lie Ahead For Banking Sector

For the banking system a new cycle starts in FY2024. It s fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.

Tough Times Lie Ahead For Banking Sector

By Tamal Bandyopadhyay On September 15, 2008, Lehman Brothers Holding Inc, the ‘too big to fail’ fourth-largest investment bank in the United States, with 25,000 employees, $639 billion in assets and $613 billion in liabilities, filed for bankruptcy, triggering a global financial crisis. The US government allowed the iconic investment bank to fail, but

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