Bad Money

Bad Money  (English, Hardcover, Kaul Vivek)

4.4
101 Ratings & 11 Reviews
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    Highlights
    • Language: English
    • Binding: Hardcover
    • Publisher: HarperCollins Publishers India
    • Genre: Business & Economics
    • ISBN: 9789353577216, 9353577217
    • Pages: 360
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  • Description
    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.
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    Specifications
    Book Details
    Imprint
    • HarperBusiness
    Publication Year
    • April
    Contributors
    Author Info
    • 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.
    Dimensions
    Width
    • 20 mm
    Height
    • 220 mm
    Length
    • 140 mm
    Weight
    • 400 gr
    Frequently Bought Together
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    Total
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    Ratings & Reviews
    4.4
    101 Ratings &
    11 Reviews
    • 5
    • 4
    • 3
    • 2
    • 1
    • 66
    • 22
    • 8
    • 1
    • 4
    5

    Insightful and Unputdownable

    This book gives a clear view of the NPA mess of Indian Banking. It is simply unputdownable. Highlights:

    1. It gives an objective account of how Indian Banking, mainly the Public Sector Banks (PSB), has landed in the NPA mess. Every statement made by the author is supported by relevant data and extracts from authoritative sources.
    2. The author’s narration and the extracts used are so seamlessly arranged that the reader would feel as if it is author’s own narrative. The book has been so pains...
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    Mithila Bhaktha

    Certified Buyer, Mumbai

    Oct, 2020

    4
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    2

    Not good

    Very bad page quality
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    Suvajit Mukhopadhyay Suvajit Mukhopadhyay

    Certified Buyer, Kolkata

    Jul, 2022

    0
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    5

    Super!

    Good book to read ...specially for non Bankers....Lets know how the Bad money works
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    Debopritom Paul

    Certified Buyer, Bongaigaon

    Apr, 2022

    0
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    4

    Really Nice

    The book is great but for some reason the author decided to make all the charts grey. It become very difficult to distinguish different data points in the chart. That spoils the overall reading experience.
    Great content but I wish the book was designed better.
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    Ronak Sethiya

    Certified Buyer, Navi Mumbai

    Dec, 2021

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    5

    Terrific purchase

    Nice
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    Saurav Kumar

    Certified Buyer, Kanti

    Jan, 2021

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    5

    Super!

    I am indeed exulted that I chose @kaul_vivek book as my first one in economics. You emulated John Galbraith's "simple" explanation outstandingly. As a student of political science, I must say that your book takes reader on an ebullient ride of "political economy." I would recommend this book to everyone who wants to get an Introductory to macroeconomic & a simple explanation on "banking mess"
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    Amiya Bhaskara

    Certified Buyer, Pune

    Oct, 2020

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    5

    Super!

    Concepts explained in cogent manner
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    Siddhartha Gupta

    Certified Buyer, Kharar

    Sep, 2020

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    5

    Mind-blowing purchase

    Super book... In detailed analysis on topic... Beautifully written... A must for one interested in banking policy...
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    Flipkart Customer

    Certified Buyer, Thane District

    Aug, 2020

    0
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    5

    Excellent

    Good Binding and delivery...
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    Uttiya Koley

    Certified Buyer, Howrah

    Aug, 2020

    0
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    5

    Classy product

    Fantastic book
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    Abdul Qaish

    Certified Buyer, Sasaram

    Jul, 2020

    0
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    All 11 reviews
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