Excerpt:A million fools


How funny things are! One morning seven of my friends were sitting in the hostel mess, the mood was sombre. On enquiring I came to know that they hadn’t had their breakfasts. A day before they had gone to see a romantic movie. The movie turned out to be a disaster for my college friends; … Continue reading Excerpt:A million fools

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Shadow Bank


Shadow Bank The term "shadow bank" was coined by economist Paul McCulley in 2007.A shadow banking system is the term used for the NBFC's which perform similar roles as commercial banks but are not under any control.