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Banking frauds and eroding public trust
On top of disgust with outright fraud is also the feeling of injustice and unfairness. Small borrowers and farmers are hounded for repayment while the big fish get away. So the need to restore trust is not only for reasons...
Fragility of bankers’ trust
The banking system runs on people’s trust. That is why regulation and swift corrective measures in case of lapses are so important.