News for hackers. Stuff that matters.

A comment on How to Lose $3B of Bitcoin in India. Parent comment

Re:How to Lose $3B of Bitcoin in India by intended on Monday August 13, 2018 @03:05AM (#17748482)
I dont think this made a difference - If bank of Indore has given out bad loans under pressure to politically connected people, deposits to HDFC do not fix the liability imbalance.

And then after all of this - we gave out massive loan waivers to farmers yet again.

So back to square one I suppose?

[ Parent | on HN ]
Re:How to Lose $3B of Bitcoin in India by JumpCrisscross on Monday August 13, 2018 @09:15AM (#17749768)
> deposits to HDFC do not fix the liability imbalance

They don't, but it gives the bank cash. Cash makes life easier.

[ Parent | on HN ]