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Also, the broader problem is that entities make money in normal times taking risks but throw the risk back to the government in bad times. He notes that there might be a potential profitability problem with the banking system where rates on safe assets have gone up but banks are struggling to pass off half percent or 1% increase. Raghuram Rajan is worried about a time bomb, domino impact and riskless capitalism in world's largest economy 09 May, 2023 10:29 AM ISTFormer RBI governor Raghuram Rajan has expressed concern over the threat to the banking sector over the long-term.
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