On bank depositor bailouts, from my perspective, no meaningfully sized scheduled commercial bank in India has ever inflicted losses on depositors. This when banks like IDBI had written off nearly 30-35% of their loans, which was multiple times of their equity. Their survival, even if through mergers / equity infusion by government was effectively bailing out their depositors for me. I get the point being made earlier that there can be room for nuance, but I do not expect significant haircuts in nominal terms for depositors even at smaller banks, even if the depositors get their money with a lag.