The story of the rise and fall of Rana Kapoor has laid bare the rot in India's banking sector and exemplifies the manner in which government and regulatory authorities have allowed crony capitalism to flourish.
The story of the rise and fall of Rana Kapoor has laid bare the rot in India's banking sector and exemplifies the manner in which government and regulatory authorities have allowed crony capitalism to flourish. A flamboyant lifestyle does not a prudent banker make. The RBI has acted rather late and the private bank's proposed bail-out would hurt public interest: Paranjoy Guha Thakurta in conversation with senior journalist Kaveree Bamzai.