THE GREAT BANK ROBBERY: NPAs, Scams, and the Future of Regulation - Hardcover

Ram, V. Pattabhi; Dash, Sabyasachee

 
9789357020541: THE GREAT BANK ROBBERY: NPAs, Scams, and the Future of Regulation
Hardcover
ISBN 10: 9357020543 ISBN 13: 9789357020541
Publisher: Rupa Publications India, 2023

Synopsis

‘There exist books on specific scams. Harshad Mehta being a case in point. But I can’t readily think of books that straddle a variety of scams. On that count alone, V. Pattabhi Ram and Sabyasachee Dash have produced a remarkable book, so that citizen angst and government countervailing action is better informed.’ —Bibek Debroy, Economist and Chairman of the Economic Advisory Council to the Prime Minister of India

On 24 December 2036, the price of a blue-chip stock, the National Bank of Hindustan, crashes after a leak of the forensic auditors’ report. This triggers a series of conversations between Lobin Stephen Senior, one of the senior-most bankers in the country, with his two great-grandchildren.
In an easy conversational style, The Great Bank Robbery: NPAs, Scams, and the Future of Regulation captures the basic functioning of commercial and public sector banks. Vast amounts of public money have vanished from banks over the last few decades, with no remedial measure having been effectively put in place. The victim invariably ends up being the lay Indian citizen.
The book discusses 11 scams that have rocked the nation since Independence. Without sensationalizing the dramatic content, the book examines how the frauds took place: the strategies used by the scamsters, the regulation loopholes they used, and the lasting consequences thereof. It also discusses the role of prime stakeholders in the banking and finance sectors, such as auditors, company boards, the regulator and rating agencies.
A simple but not simplified primer into the world of banking and finance, this book is an engaging and timely discussion directed at the Indian citizen.

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About the Author

V. Pattabhi Ram is an author, public speaker and teacher. His novel Ticking Times: An Accountant and a Gentleman is set in the backdrop of the audit profession.

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Publisher
Rupa Publications India
Publication date
2023
Language
English
ISBN 10 
9357020543
ISBN 13 
9789357020541
Binding
Hardcover
Number of pages
224