Sunday, July 4, 2021

[IAC#RG] Weakly provisioned Indian Banks to immediately withdraw funds from

Dear friends

As a matter of abundant precaution, it is highly advisable to withdraw funds from and/or not keep significant funds in the following Indian banks.

1. State Bank of India
2. Punjab National Bank
3. Union Bank of India
4. Bank of Baroda
5. Bank of India
6. Axis Bank
7. ICICI Bank
8 Yes Bank
9. Canara Bank
10 Indian Bank
11 HDFC Bank
12. Central Bank of India

Do not expect the Govt of India to bail out these banks if they fail. The Govt of India is itself a financial basket case.

RS Dalvi

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