Learning from Crises: The Evolution of Indian Banking Regulation

My new piece in TheIndiaForum on current Indian banking crisis.

I look at the role of RBI in the banking crisis from a historical perspective (what else!). I show how banking regulation and supervision has evolved in India with each banking crisis. The past crisis pushed RBI into a corner and the response was changes in regulation.

This crisis is no different and has pushed RBI into a corner and the regulator is responding to the crisis.

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