Banks work on the simple principle of taking money from savers and lend to those who are in need. It's a well-oiled cycle as long as it rolls on. What if borrowers don't repay? Just rewind a few months back and replay the visuals of teary eyed widows and neighbourhood shopkeepers in front of the Punjab and Maharashtra Co-Operative Bank branches to get their money back.from Personal Finance News-Wealth-Economic Times https://ift.tt/2BBNvqX
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