There are obviously financial risks in doing this, but there are also potential benefits to the broader community. There are two main arguments against such involvement. The first is that financial institutions will change the way they operate if they think that the public sector will provide support, that these changes will make the system less stable.
Mumbai is the business capital of India and handles major share of India’s commerce. It houses the headquarters of many major banks, financial institutions, insurance companies and stock exchanges. Mumbai’s nature as the most eclectic and cosmopolitan Indian city is symbolized in the presence of Bollywood within the city, the centre of the globally-influential Hindi film and TV industries.