Ep 23. Urjit Patel’s ‘Overdraft’: Is the govt to blame for the bad loan mess?

The former RBI governor pens down the government’s habit of shaping macroeconomic policies through government banks and LIC and what happens to the savers money when the government is busy lending to the “living dead” borrowers through public sector banks. Patel also talks about the dilution of IBC laws and the implications of the same on the banking ecosystem. On this episode,  economic journalist and author of The Lost Decade Puja Mehra discusses why this book is important and well-timed.