One Lie Enough To Question All Truths

People work hard and save money for their rainy days. But what happens when they suddenly come to know that the bank where they have deposited  all their hard-earned money has gone bust? This is exactly what has happened to Punjab & Maharashtra Cooperative (PMC) Bank’s customers. This brings forth the fact how important it is for customers and depositors  to be aware of a bank’s health from the very outset. Skeletons have started coming out of the closet with the PMC Bank incident. It is certainly pointing towards the laxity in regulation. The government and the Reserve Bank of India (RBI) are now trying to work hand-in-hand to salvage the situation in this particular bank. But this incident can take place in any cooperative bank unless the authorities become more vigilant. So how do common people analyse the health of a cooperative bank before depositing their...