Create a better securities market to avoid another IL&FS panic, says @andymukherjee70 via @bopinion

andymukherjee70 bopinion Do that later, but first start printing money and devaluing the currency.

andymukherjee70 bopinion If securitized, I think it could have been even worse. Now RBI had to deal with only books of ILFS. If securitized then FIs holding the toxic instrument would have been impacted and created a systemic problem. ILFS didn't had a profitable business model.

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