Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Unavailable
    Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System
    Unavailable
    Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System
    Unavailable
    Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System
    Ebook424 pages7 hours

    Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System

    By Vivek Kaul

    5/5

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Over the last decade, Indian banks in general and the government-owned public sector ones in particular have gradually got themselves into a big mess. Their bad loans, or loans which haven't been repaid for ninety days or more, crossed Rs 10 lakh crore as of 31 March 2018. To put it in perspective, this figure is approximately seven times the value of farm loan waivers given by all state governments in India put together. And this became the bad money of the Indian financial system. Why were the corporates unable to return these loans? Was it because they had no intention of doing so?Who were the biggest defaulters of them all? Are Vijay Mallya and Nirav Modi just the tip of the iceberg?How much money has the government spent trying to rescue these banks?How are the private sector banks gradually taking over Indian banking?Is your money in public sector banks safe?How are you paying for this in different ways?And what are the solutions to deal with this? In Bad Money, Vivek Kaul answers these and many more questions, peeling layer after layer of the NPA (non-performing assets) problem. He goes back to the history of Indian banking, providing a long, deep and hard look at the overall Indian economy. The result is a gripping financial thriller that is a must for understanding a crisis that threatens our banking system and economy.
    LanguageEnglish
    PublisherHarperBusiness
    Release dateJun 10, 2020
    ISBN9789353577223
    Unavailable
    Bad Money: Inside the NPA Mess and How It Threatens the Indian Banking System
    Author

    Vivek Kaul

    VIVEK KAUL has worked in senior positions at the Daily News and Analysis (DNA) and The Economic Times. He is the author of four books, including the bestselling Easy Money trilogy on the history of money and banking and how that caused the financial crisis that started in 2008 and is still on. India's Big Government: The Intrusive State and How It Is Hurting Us, his fourth book, was published in January 2017. Kaul is a regular columnist for Mint, BBC, Dainik Jagran, Firstpost, Bangalore Mirror and the Deccan Herald. He has also appeared as an economics commentator on BBC, Mirror Now, CNBC Awaaz and NDTV India. He is a regular guest on 'The Seen and the Unseen', one of India's most popular podcasts. He speaks regularly on economics and finance and has lectured at IIM Bangalore, IIM Indore, IIM Kozhikode, IIM Visakhapatnam, NMIMS and the Symbiosis Institute of Media and Communication, among others. Kaul lives in Mumbai and loves to read crime fiction in his free time.

    Read more from Vivek Kaul

    Related to Bad Money

    Related ebooks

    Banks & Banking For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      The Vanishing Billions

      Jul 22, 2021

      Kundapur Vaman Kamath, the former boss of ICICI Bank and the New Development Bank, has a simple explanation for why many of the erstwhile large business groups, led by well-known industrialists of the time, fell. The one big reason, the ace banker sa

      2 min read

    • Article

      I Am A Strong Believer In Cash Flows

      Oct 14, 2021

      The BIG BULL OF the Indian markets, Rakesh Jhunjhunwala, has had a mixed year. Even as the billionaire investor battled significant health issues including a debilitating bout of Covid-19, the performance of his stock portfolio has been nothing short

      8 min read

    • Article

      The Valuation Roll Call

      Nov 24, 2023

      For some time now, the Indian markets have been navigating geopolitical concerns and global economic headwinds, and this has been reflected over the past few months in the way the equity markets have behaved. While most market analysts believe that t

      2 min read

    • Article

      The Patanjali Plan

      Sep 2, 2021

      One of the most important elements of corporate strategy is managing integration following a takeover. Whenever a company acquires another corporate entity, the things to keep in mind are how the overall vision of the acquirer will be dovetailed with

      2 min read

    • Article

      From The Editor-in-chief

      Jun 11, 2022

      On October 2, 2021, Narcotics Control Bureau (NCB) Mumbai zonal director Sameer Wankhede led a sensational raid on Cordelia, a luxury cruise ship, and arrested 20 people who had come for a spot of merrymaking, confiscating what the sleuths claimed wa

      3 min read

    • Article

      Financial Advisor On A Screen

      Aug 5, 2021

      Ever since the pandemic hit India, those following the financial markets have often been baffled by the huge disconnect between what is going on in the equity markets, and the devastation caused by Covid-19. The one segment of the economy which has s

      2 min read

    • Article

      Why Nitish Switched Sides

      Aug 13, 2022

      ↘ The second edition of the Nitish-BJP partnership has been fraught from the start, with the latter exhibiting a clear aggressive intent and making no bones about its ambition to eventually supplant Nitish and JD(U) ↘ Even during the elections, the J

      1 min read

    • Article

      The Adani Juggernaut

      Nov 11, 2021

      Billionaire Gautam Adani-led Adani Group has created enormous wealth for investors amid the ongoing rally in the domestic equity market. Since the last (2020) edition of the BT500, the cumulative 12-month average market capitalisation (mcap) of the g

      4 min read

    • Article

      Tata’s Titan

      Apr 28, 2023

      Tata’s Titan
      11 min read

    • Article

      The Jio Financial blueprint

      Sep 15, 2023

      The Jio Financial blueprint
      10 min read

    • Article

      Sanjiv Puri's Classic Tussle

      Jul 8, 2021

      Iconic firms can often be at odds with the stock markets. Particularly, when they are engaged in the classic tussle between delivering quarterly profits and ploughing back for the long term. Amazon’s Jeff Bezos thumbed down analysts for a decade befo

      2 min read

    • Article

      From The Editor-in-chief

      Jul 23, 2022

      Many associate the exchange value of their currency with national pride. This is a misconception as exchange rates can vary due to factors outside the control of a country, such as the Ukraine war this time. However, they do reflect the strength of a

      4 min read

    • Article

      Speed ball !

      Nov 11, 2021

      Speed ball !
      7 min read

    • Article

      From The Editor-in-chief

      Sep 18, 2021

      At the beginning of the Modi government’s first term, two catchphrases held out a lot of promise. They were ‘Minimum government, maximum governance’ and the ‘government has no business being in business’. This was music to my ears. For too long, the

      4 min read

    • Article

      Capital Fetters

      Mar 4, 2023

      Capital Fetters
      3 min read

    • Article

      Heroin, The Deadly New High

      Oct 9, 2021

      Heroin, The Deadly New High
      9 min read

    • Article

      Our Own Global Outlook

      Jun 3, 2023

      Our Own Global Outlook
      3 min read

    • Article

      India’s New Tryst with Destiny

      Feb 2, 2024

      If one were to look at the past three decades, the last 10 years have seen some of the most fundamental changes to India’s economy. Whichever side of the political divide you may be on, it can be argued that the last decade has been instrumental in p

      2 min read

    • Article

      ‘I Learnt Early On To Stay On The Horse’

      Oct 28, 2021

      LAST YEAR, AT THE HEIGHT of the pandemic, Nisaba Godrej took over as Managing Director of Godrej Consumer Products Limited (GCPL). Having steered the group flagship through the turmoil, she recently handed over the CEO’s chair to HUL veteran Sudhir S

      10 min read

    • Article

      From The Editor-in-chief

      Oct 29, 2022

      Rishi Sunak, 42, has already snatched a niche for himself in history books by becoming the youngest British prime minister in 200 years and, of course, the first of Asian origin. But he has to hit the ground running if the judgement of posterity is t

      4 min read

    • Article

      Untamed Inflation

      Oct 22, 2022

      Untamed Inflation
      3 min read

    • Article

      Financial Services in the New Age

      Mar 22, 2024

      Nearly every sector we know of is undergoing deep-rooted change thanks to rapid technological developments. The banking and financial services industry is no exception. In these changing times, where the use of Generative AI (Gen AI) is becoming wide

      2 min read

    • Article

      Dial India For It

      Nov 25, 2021

      Infosys Chief Operating Officer U.B. Pravin Rao is retiring on a baffled note, it seems. “This is a very unusual phenomenon… [I have been] in the industry for over 35 years, I cannot yet think of a time when we have seen this kind of thing,” he said

      6 min read

    • Article

      A Semi Win In A Semi Final

      Jul 23, 2022

      A Semi Win In A Semi Final
      3 min read

    Reviews for Bad Money

    5/5

    3 ratings1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 5/5
      Excellent insight, a binge read.A good read for every Indian.