Episode 23: Public Sector Banks

In 1969, Indira Gandhi carried out a wave of bank nationalisations with some excellent stated intentions. But what were the Unseen Effects? Mumbai-based economist Kumar Anand joins Amit Varma to discuss the structural flaws in the very concept of public sector banks.

Further reading:
Denationalisation of Banking in India — Kumar Anand
Raghuram Rajan Committee Report on Financial Sector Reforms
PJ Nayak Committee to Review Governance of Boards of Banks in India