Summary
Contents
Do you often wonderIs my money safe in banks? India is grappling with its worst banking crisis ever, and we are still trying to figure out what landed us here. This book analyses the role of the government and RBI in allowing the problem to reach the dimension it has assumed today. When will the never-ending NPA issue be resolved? Does it make sense to merge two PSBs when the culture and governance structures are alike? Should the RBI reserves be used in times of crisis? Should the tenure of a CEO be long or short? The book ponders and debates on some of these questions. Hits and Misses presents the two sides of the Indian banking story by giving an account of the reforms as well as quandaries in times of extraordinary economic and political challenges. The book answers many relevant questions by highlighting the highs and lows of the banking sector, which became subjects of debate in media and financial circles.
Introduction: Banking Metamorphosis
Introduction: Banking Metamorphosis
When one looks at the state of banking today, the picture emerging is ambivalent just as is the case with any other structure of the economy. In terms of business numbers, the picture is impressive as banking has spread across not just geography but also economic activity. However, there is also a fair degree of discomfort when looking closer at the system especially in the area of practices which has been gradually exposed over the last five years, which has called for a review. In fact, the recent developments regarding Punjab and Maharashtra Cooperative Bank (PMC) and Yes Bank have raised fresh concerns about the banking sector. These episodes came just after the government had taken some firm action to rein in ...