Why has India's banking system had to weather such a storm? (Book Review)

New Delhi, Dec 4 India's banking system continues to lurch from one crisis to another the latest being the RBI asking HDFC to temporarily stop all launches of its digital business generating activities following repeated technological glitches. Once again, the question being asked is: "Is my money safe in banks?"

To say the least, India is grappling with its worst banking crisis ever. When will the never-ending NPA issue be resolved? Does it make sense to merge two PSBs when the culture and governance structures are alike? Should the RBI reserves be used in times of crisis? Should the tenure of a CEO be long or short, are some of the questions being asked.

"Hits and Misses" by Madan Sabnavis

( With inputs from IANS )

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