The Superpowers and big corporations are earning huge profits under the pretext of military and geo political conflicts. The weekly ups and downs of US- Iran war are direcltly proportional to crashing and surging of stock markets and the deal making and breaking of these nations. Oil price rise int eh war increases inflation which is not reduced even after the war ends. The big oil companies continue looting other nations. In all cases the common man suffers. Cooperative banks must tread cautiously as they are serving the common man. It is the greatest economic and moral failure -of humanity in the century where the global level market game under disguise of war is robbing ordingary human being .
In the 21st century, due to the revolution of technological, globalization, and digital banking, the entire world has transformed into a 'Global Village'. Any financial event occurring in any corner of the globe impacts the international market within just a few seconds. Due to the changed Geo-Political equations over the past few years, the clouds of war have darkened across the world. Whether it is the prolonged Russia-Ukraine conflict, the bloody tensions between Israel-Iran-Hamas in the Middle East, or the covert Cold War being waged between America and China over the Taiwan crisis all these events are having a direct and extremely detrimental effect on the global banking system and the financial sector...(To read more, open the Banco Anniversary Special Issue, May-June 2026)