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The Seen and the Unseen - hosted by Amit Varma cover image

Ep 352: The Bankable Wisdom of Harsh Vardhan

The Seen and the Unseen - hosted by Amit Varma

NOTE

The Impact of Complex Financial Processes on the Real Economy

Global banks were caught off guard during the financial crisis by engaging in a complicated process they didn't understand. This highlights a problem of the banking system running too far ahead of the real economy. Japan's stagnant growth can also be attributed to its banks' deep ties with companies. The inability of banks to adapt to new sectors and provide credit can lead to disastrous consequences, as seen in India's infrastructure lending. Currently, there is a concerning trend of unsecured consumer lending that may result in future problems.

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