When it came to exposing their bad loans, Indian banks had been belly dancing but the Reserve Bank of India forced them to do a striptease. Want to read more on this? Read Tamal Bandyopadhyay's `From Lehman to Demonetization'. It describes graphically how some public-sector banks have been driving down the slow lane to death, loaded with bad assets. Many of the loans that had been restructured following the Lehman collapse continued to haunt them but they were in a denial mode till Raghuram Rajan drove the first of its kind asset quality review, or AQR, for these banks. The has traced the rise in the bad debts of Indian banks and tried to go to the roots—as to why assets go bad. Is it the inefficiency of the management? Is it the interference of the government? Rogue corporations? Or, is it about business cycles going bust?  To read the book, visit: http://amzn.to/2AucbeQ …see more