SKOCH Literature Award: Pandemonium: the great indian banking tragedy
LITFest: Panel Discussion – Pandemonium: The Great Indian Banking Tragedy
L to R: C P Gurnani, Managing Director & CEO, Tech Mahindra; Sameer Kochhar, Chairman, SKOCH Group & Tamal Bandyopadhyay, Consulting Editor Business Standard & Senior Adviser, Jana Small Finance Bank
L to R: C P Gurnani, Managing Director & CEO, Tech Mahindra; Sameer Kochhar, Chairman, SKOCH Group & Tamal Bandyopadhyay, Consulting Editor Business Standard & Senior Adviser, Jana Small Finance Bank
Tamal Bandyopadhyay, Consulting Editor, Business Standard & Senior Adviser, Jana Small Finance Bank In a compelling story on the rot in India’s banking system on how promoters easily swapped equity and debt as bank management looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans, Tamal Bandopadhyay has attempted to a reality check in this book. A timely and insider look at the dramatic forces reshaping banking in Asia’s third largest economy, this book is a bird’s eye view of the Indian banking and also a fly-on-the-wall documentary. Want to know, what ails the public sector bank in India and more, read the book.
Pandemonium: The Great Indian Banking Tragedy
Tamal Bandyopadhyay
“The Reserve Bank of India would like to assure the general public that Indian banking system is safe and stable.” – RBI statement, 1 October 2019
Why did India’s central bank have to issue an unprecedented statement to that effect?
In Pandemonium: The Great Indian Banking Tragedy, Tamal Bandyopadhyay takes you in search for the answer. It is a compelling story on the rot in India’s banking system – how promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans.
What really ails public sector banks, the backbone of India’s financial system? Is it the government ownership itself, or how this owner actually behaves? And just when many were rooting for privatisation as a way out, powerful bankers such as Chanda Kochhar and Rana Kapoor exposed the soft underbelly of seemingly more efficient and profitable private banks of India.
A timely and insider look at the dramatic forces reshaping banking in Asia’s third-largest economy, this book is a bird’s-eye view of Indian banking and also a fly-on-the-wall documentary. A must-read to understand contemporary India’s challenges and economic potential.
Tamal Bandyopadhyay Consulting Editor Business Standard & Senior Adviser, Jana Small Finance Bank
An author and an award-winning journalist, is well known for his weekly column, Banker’s Trust, which now appears every Monday in Business Standard. He is also one of the members of the founding team of Mint, a business daily brought out by HT Media Ltd. In his earlier assignment, he was advising Bandhan Bank on its transformation from a microfinance institution to a universal bank.
Pandemonium: The Great Indian Banking Tragedy
Tamal Bandyopadhyay
“The Reserve Bank of India would like to assure the general public that Indian banking system is safe and stable.” – RBI statement, 1 October 2019
Why did India’s central bank have to issue an unprecedented statement to that effect?
In Pandemonium: The Great Indian Banking Tragedy, Tamal Bandyopadhyay takes you in search for the answer. It is a compelling story on the rot in India’s banking system – how promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans.
What really ails public sector banks, the backbone of India’s financial system? Is it the government ownership itself, or how this owner actually behaves? And just when many were rooting for privatisation as a way out, powerful bankers such as Chanda Kochhar and Rana Kapoor exposed the soft underbelly of seemingly more efficient and profitable private banks of India.
A timely and insider look at the dramatic forces reshaping banking in Asia’s third-largest economy, this book is a bird’s-eye view of Indian banking and also a fly-on-the-wall documentary. A must-read to understand contemporary India’s challenges and economic potential.
In a compelling story on the rot in India’s banking system on how promoters easily swapped equity and debt as bank management looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans, Tamal Bandopadhyay has attempted to a reality check in this book. A timely and insider look at the dramatic forces reshaping banking in Asia’s third largest economy, this book is a bird’s eye view of the Indian banking and also a fly-on-the-wall documentary. Want to know, what ails the public sector bank in India and more, read the book.
Tamal Bandyopadhyay Consulting Editor Business Standard & Senior Adviser, Jana Small Finance Bank
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