Overdraft: Saving the Indian Saver
Language: English
Published by HarperBusiness, 2022
- Softcover
- New
Seller: Vedams eBooks (P) Ltd, New Delhi, IndiaVedams eBooks (P) Ltd
AbeBooks seller since January 30, 2009
Condition: New
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Item description from seller
SHORTLISTED FOR THE GAJA CAPITAL BUSINESS BOOK PRIZE Winner of the Business Book of the Year at the Kalinga Literary Festival All of us love to spend. But before we can do that, we have to have earned or saved some money. Only sovereigns don’t have to: they can print money, or borrow; in our country, where they own banks, they can use our deposits to lend and splurge for goals that may not always be economic in nature. Many rulers have succumbed to the temptation, with dire results – inflation, debased currency, payments crises, bankrupt banks, economic stagnation, loss of public confidence. After centuries of ruinous experiences, some governments learnt, others haven’t, to control themselves, create self-governing Central banks and let them manage money and regulate banks. 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.…
Seller Inventory # 143664
- Title
- Overdraft: Saving the Indian Saver
- Author
- Urjit Patel
- Publisher
- HarperBusiness
- Publication year
- 2022
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 9354227457
- ISBN 13
- 9789354227455
"Synopsis" may belong to another edition of this title.
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Vedams eBooks (P) Ltd
New Delhi, India
AbeBooks seller since January 30, 2009
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| Item | 20 to 24 business days | 4 to 7 business days |
|---|---|---|
| First item | £ 14.87 | £ 27.20 |
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