India avoids financial meltdown
By Rekha Menon | Published: 07 April, 2009
Duvvuri Subbarao, Reserve Bank of India governor
While US and European banks went into meltdown, India's banks reported healthy profits. Many applaud the country's liquidity policy for helping avoid the West's pitfalls, but does this hamper the country's capital requirements? Writer Rekha Menon
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