{"product_id":"pandemonium-the-great-indian-banking-tragedy-hardcover","title":"Pandemonium: The Great Indian Banking Tragedy [Hardcover] [RARE BOOKS]","description":"\u003cp data-mce-fragment=\"1\"\u003e‘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\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eWhy did India’s central Bank have to issue an unprecedented statement to that effect?\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eIn\u003cspan data-mce-fragment=\"1\"\u003e \u003c\/span\u003e\u003ci data-mce-fragment=\"1\"\u003ePandemonium: The Great Indian Banking Tragedy,\u003c\/i\u003e\u003cspan data-mce-fragment=\"1\"\u003e \u003c\/span\u003ebestselling author\u003cspan data-mce-fragment=\"1\"\u003e \u003c\/span\u003e\u003ci data-mce-fragment=\"1\"\u003eTamal Bandyopadhyay\u003c\/i\u003e\u003cspan data-mce-fragment=\"1\"\u003e \u003c\/span\u003etakes you in search for the answer. It is a definitive insider story on the rot in India’s banking system – how many 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. The same troubles quickly spilled over to India’s mushrooming non-banking financial companies, which were quick to spot the post-demonetisation easy liquidity and banks’ reluctance to lend, prompting them to make the cardinal sin of borrowing short to lend long.\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eWhat 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.\u003c\/p\u003e\n\u003cp data-mce-fragment=\"1\"\u003eA timely and insider look at 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-wall documentary. A must-read to understand contemporary India’s challenges and economic potential.\u003c\/p\u003e","brand":"Clapping Pages","offers":[{"title":"Used","offer_id":45156681941178,"sku":"2H89VE18I-Used","price":49.0,"currency_code":"AED","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/5576\/0826\/files\/Pandemonium.jpg?v=1758036267","url":"https:\/\/clappingpages.com\/products\/pandemonium-the-great-indian-banking-tragedy-hardcover","provider":"Clapping Pages","version":"1.0","type":"link"}