Nationalization of the Indian Banking System - Part 1
In this episode we ...
- Introduce Dr. Amol Agrawal @mostlyeconomics.
- Lament on the lack of historicity within the RBI and the Indian banking system, at large.
- Cover, broadly, the tumultuous journey of the Indian Banking system from the early 1900s through to the late 1960's.
- Recognize the big push into providing capital to rural and developing India, post-independence.
- Touch upon the organized and unorganized financial mechanism of Indian finance pre-nationalization.
- Understand the nature of RBI regulation as it grapples with a series of Banking failures.
In part two we discuss the events that take us from the political needs of Mrs. Gandhi through onto aspects of the Indian economy under Dr. Manmohan Singh and finally reach the Banking crisis that occurred in 2019 under the current PM, Mr. Modi.
Thank you for listening!
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