BAD MONEY : Inside The NPA Mess & How It Threatens The Indian Banking System
Language: English Publication details: UP Harper Collins India 2020/01/01Edition: 1Description: 339ISBN:- 9789353577216
- 332.40954 VIV/BA
Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
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Lending | Ernakulam Public Library General Stacks | Non-fiction | 332.40954 VIV/BA (Browse shelf(Opens below)) | Checked out | 2024-05-27 | E195312 |
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332.4 RAM/DE DEMONETISATION : A MEANS TO AN END? | 332.401 MEE BIG REVERSE : How Demonetization Knocked India Out | 332.4019 HOU/PS PSYCHOLOGY OF MONEY : | 332.40954 VIV/BA BAD MONEY : Inside The NPA Mess & How It Threatens The Indian Banking System | 332.414 TAY/DO DOWNFALL OF MONEY: GERMANYS HYPERINFLATION AND THE DESTRUCTION OF THE MIDDLE CLASS | 332.460954 NOT NOTE BANDI : | 332.49 EIS/SA SACRED ECONOMICS : |
Over the last decade, Indian banks in general and the government-owned public sector ones in particular have gradually got themselves into a big mess. Their bad loans, or loans which haven't been repaid for ninety days or more, crossed Rs 10 lakh crore as of 31 March 2018. To put it in perspective, this figure is approximately seven times the value of farm loan waivers given by all state governments in India put together. And this became the bad money of the Indian financial system. Why were the corporates unable to return these loans? Was it because they had no intention of doing so? Who were the biggest defaulters of them all? Are Vijay Mallya and Nirav Modi just the tip of the iceberg? How much money has the government spent trying to rescue these banks? How are the private sector banks gradually taking over Indian banking? Is your money in public sector banks safe? How are you paying for this in different ways? And what are the solutions to deal with this? In Bad Money, Vivek Kaul answers these and many more questions, peeling layer after layer of the NPA (non-performing assets) problem. He goes back to the history of Indian banking, providing a long, deep and hard look at the overall Indian economy. The result is a gripping financial thriller that is a must for understanding a crisis that threatens our banking system and economy.
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