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OVERDRAFT SAVING THE INDIAN SAVER

By : URJIT PATEL

Book : OVERDRAFT SAVING THE INDIAN SAVER
Author: URJIT PATEL
Category : Non Fiction, Vocal For Local
ISBN : 9789353579142
Binding : Normal
Publishing Date : 01-08-2020
Publisher : HARPER COLLINS
Edition : 1
Number of pages : 248
Language : English

Paper Back

Publisher: HARPER COLLINS

Book Summary

Sometime in 2015, news of unsustainable bad debts (non-performing assets or NPAs) in the Indian banking sector started to first trickle out, and then became a flood. In the forefront were some of India's largest government banks, and a series of tycoons who were running their empires on unpaid debts. The banks' problems landed on the table of Urjit Patel when he became Governor of Reserve Bank of India in September 2016. Based on thirty years of macroeconomic experience, he worked out the '9R' strategy which would save our savings, rescue our banks and protect them from unscrupulous racketeers. In this book, he explains the problem and how it blew up; and how he would have resolved it if he had not been prevented.

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