Categories: News

Bad Loans and Bad Banks – Well Explained

A kangaroo at the Sydney zoo kept getting out of his enclosure every night.

Knowing that mature kangaroos could hop very high, the zoo officials replaced the eight-foot fence with a ten-foot fence.

He was out the next morning, just roaming around the zoo.

They tore down the ten-foot fence and put up a fifteen-foot fence.

He was out again the next morning…!!

A twenty-foot fence was put up. Again he got out.

When the fence was forty feet high, a camel in the next enclosure asked the kangaroo, “How high do you think they’ll go?”

The kangaroo said, “About a thousand feet, unless somebody is wise enough to lock the gate at night!”???

( This short story, is not commentary on the current ‘Bad Loans and Bad Banks’ crisis and the efforts of RBI and FinMin to set the things right)

Alex

Recent Posts

Molex Drives Intelligent Supply Chain Collaboration with SAP Solutions

Real-time supply chain visibility and greater purchase order transparency help synchronize high-tech global supply chain…

4 mins ago

MSB Joins Forces with Backbase and SmartOSC to Drive Unified, Customer-Centric Digital Modernization with the Engagement Banking Platform

MSB, Backbase and SmartOSC announce partnership in signing ceremony HANOI, VIETNAM - Media OutReach Newswire…

19 mins ago

Trade Republic has passed on more than 1 billion euro in interest to its customers.

Trade Republic set a new standard for the banking industry, by passing through the ECB…

50 mins ago