Tamal Bandyopadhyay has authored a book titled “Pandemonium: The Great Indian Banking Tragedy” and will be released on November 09, 2020. This book, published by Roli Books, provides an understanding of the challenges and economic potential of India.
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About the book:
- The book “Pandemonium” accounts how many promoters had swapped equity with debt while the managements of the banks were finding a way to protect their balance sheets until the intervention of the Reserve Bank of India (RBI) against their bad loans.
- The Same issue trouble also affected the developing non-banking financial companies of India who were quick to identify the post-demonetisation easy liquidity and the reluctance of banks to lend which promoted them to borrow short to lend long.
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