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Index
Foreword Preface Acknowledgements Part I THE CONUNDRUM 1. Who Killed Indian Banking? 2. The War Against NPAs 3. India’s Northern Rock Moment 4. Who will Rate the Rater? Part II THE HEART OF THE MATTER 5. What Ails the Public Sector Banks? 6. Whose Money is it Anyway? 7. Is Consolidation a Panacea? Part III EVERYTHING YOU WANT TO KNOW BUT ARE AFRAID TO ASK 8. The F Word in Indian Banking 9. Fear Psychosis 10. The Fallen Angels Part IV GOVERNORSPEAK 11. ‘It is an economic crisis’ C.R. Rangarajan 12. ‘The problem is how the owner behaves’ Y.V. Reddy 13. ‘PSBs have served a purpose… It is now time to move on’ D. Subbarao 14. ‘I do not see a sense of urgency or clear agenda in this government’ Raghuram Rajan Part V CRYSTAL GAZING 15. The Great Indian Asset Sale 16. Does the RBI Need New Clothes? 17. The Way Forward Part VI Charting the Ills Epilogue: Postponing the Inevitable? Appendix: The Stressed Sectors List of Abbreviations Glossary Index About the Author 145 84 389 72 58 62 447 451
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