Ep 212: Pandemonium in India's Banks
The Seen and the Unseen - hosted by Amit Varma
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Pandemonium, the Great Indian Banking Tragedies, by Thamal Vonde Bate
Thamal: What was going wrong was going wrong at two levels. One level, which is a sort of micro level, things got fixed in the sense you had greater accountability. A lot of these lacuna which banks and chroni capitalists were able to exploit have been done away with. The more important layer was a broad structural layer, which gives us big incentives. And like you said, there is progress on that as well with the privatisation happening and all of that. So so yos on that a note of hope.
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