By Moin Qazi* The world’s great philanthropist and investment leader, Warren Buffett, once said, “It’s only when the tide goes out that you realise who has been swimming naked”. When the banking system hit the rocks and the tide turned, the naked were caught disrobed. Similarly, sometimes it takes a pitch-black economy to reveal who and what in the financial firmament really shines. It is only when darkness falls that one can see the stars twinkle. The moonlight coming from the otherwise bleak sky of the financial world, has been made possible thanks to honest taxpayers, who are transfusing precious blood to the currently bleeding banks. The current crisis in the Indian banking sector led to calls for privatisation of public sector banks (PSB). However, the private sector is no paragon of great virtue. The huge crowds that throng public banks and put up with various inconveniences indicate the enormous faith that the public has in these banks. The challenge today doesn’t involve provid