Why it's important for govt to maintain public confidence in banks


Why it's important for govt to maintain public confidence in banks

In the absence of swift policy action, there is potential to dent depositor trust. A sudden moratorium or embargo on access to bank accounts and limits on withdrawal of deposits results in untold misery, despite deposit insurance being in place.

"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.


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