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Former RBI governor U. Patel pens book ‘Overdraft: Saving the Indian Saver’

Sumit Arora Last updated on July 6th, 2020 03:02 pm Leave a comment

Former RBI governor, Urjit Patel has written a book titled ‘Overdraft: Saving the Indian Saver’ will be releasing later this month. The book focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking in recent years. It is published by Harper Collins India. Patel’s book description says that sovereigns do not need to earn or save before spending money. They can either print or borrow.

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Patel worked with a ‘9R’ strategy which would protect depositors’ savings, rescue the banks and protect them from “unscrupulous racketeers”. Books or memoirs written by two of his immediate predecessors, Raghuram Rajan and D Subbarao had shed light on various subjects like the RBI’s autonomy, interest rates or its stance on demonetisation.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.