The book titled “Quest for Restoring Financial Stability in India” authored by former Reserve Bank of India (RBI) deputy governor Viral V.Acharya. The book is published by SAGE Publications India Pvt Ltd. The book portrays his quest to restore financial stability in India and offers a concrete plan for sustained improvement.
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- The book is a compilation of his speeches, research and comments as a member of the Monetary Policy Committee, mostly concerned with central banking.
- He shares a feasible plan to address the recapitalization needs of public sector banks, providing solutions on how to improve credit allocation by credit intermediaries and establish potential and efficient capital markets.
- The book also mentions the implicit pressure on the monetary policy committee to cut rates.
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