Former RBI Deputy Governor Viral Acharya talks to host Pavan Srinath about understanding and fixing India's persistent Bank NPA problem.

This is the first of two episodes on The Pragati Podcast where Viral Archarya talks about his new book, The Quest for Financial Stability in India. The book can be purchased here: http://tiny.cc/viralacharya-book

On Episode 153, Viral unpacks the problem of NPAs or Non Performing Assets. He discusses how Indian banks continue to suffer from having bad loans on their balance sheets, and how it can halt India's economic progress. He also explores the idea of Fiscal Dominance, and how it has become a 'theory of everything' in India.

Viral V. Acharya is the C.V. Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern) and an Academic Advisor to the Federal Reserve Banks of New York and Philadelphia. Viral was a Deputy Governor at the Reserve Bank of India (RBI) between January 2017 and July 2019, and was in charge of Monetary Policy, Financial Markets, Financial Stability, and Research.

Since Episode 143, The Pragati Podcast has been releasing interactive episodes with in-audio links, polls, references, and more that go beyond the usual podcast experience. Listen to this episode on the IVM Podcasts Android App, the Adori iOS App, or from www.tiny.cc/pragati153 for a richer experience. You can access all links and references within the app or web players.

For all queries and feedback, email us at pragatipod@gmail.com or reach out to host Pavan Srinath at @zeusisdead on Twitter: twitter.com/zeusisdead

Follow The Pragati Podcast on Instagram: instagram.com/pragatipod & Twitter: twitter.com/thinkpragati & Facebook: facebook.com/thinkpragati

The Pragati Podcast is made possible thanks to the support of The Takshashila Institution and the Independent Public-Spirited Media Foundation (IPSMF).

Former RBI Deputy Governor Viral Acharya talks to host Pavan Srinath about understanding and fixing India's persistent Bank NPA problem.This is the first of two episodes on The Pragati Podcast where Viral Archarya talks about his new book, The Quest for Financial Stability in India. The book can be purchased here: <a href="http://tiny.cc/viralacharya-book" target="_blank" rel="noopener noreferrer">http://tiny.cc/viralacharya-book</a>On Episode 153, Viral unpacks the problem of NPAs or Non Performing Assets. He discusses how Indian banks continue to suffer from having bad loans on their balance sheets, and how it can halt India's economic progress. He also explores the idea of Fiscal Dominance, and how it has become a 'theory of everything' in India.Viral V. Acharya is the C.V. Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern) and an Academic Advisor to the Federal Reserve Banks of New York and Philadelphia. Viral was a Deputy Governor at the Reserve Bank of India (RBI) between January 2017 and July 2019, and was in charge of Monetary Policy, Financial Markets, Financial Stability, and Research.Since Episode 143, The Pragati Podcast has been releasing interactive episodes with in-audio links, polls, references, and more that go beyond the usual podcast experience. Listen to this episode on the IVM Podcasts Android App, the Adori iOS App, or from <a href="http://www.tiny.cc/pragati153" target="_blank" rel="noopener noreferrer">www.tiny.cc/pragati153</a> for a richer experience. You can access all links and references within the app or web players.For all queries and feedback, email us at <a href="mailto:pragatipod@gmail.com" target="_blank" rel="noopener noreferrer">pragatipod@gmail.com</a> or reach out to host Pavan Srinath at @zeusisdead on Twitter: <a href="http://twitter.com/zeusisdead" target="_blank" rel="noopener noreferrer">twitter.com/zeusisdead</a>Follow The Pragati Podcast on Instagram: <a href="http://instagram.com/pragatipod" target="_blank" rel="noopener noreferrer">instagram.com/pragatipod</a> &amp; Twitter: <a href="http://twitter.com/thinkpragati" target="_blank" rel="noopener noreferrer">twitter.com/thinkpragati</a> &amp; Facebook: <a href="http://facebook.com/thinkpragati" target="_blank" rel="noopener noreferrer">facebook.com/thinkpragati</a>The Pragati Podcast is made possible thanks to the support of The Takshashila Institution and the Independent Public-Spirited Media Foundation (IPSMF).

Take a step back from noisy political debates and tune in to rich conversations on India and the world. The Pragati Podcast is a weekly talkshow on public policy, economics and international relations. Science-geek-turned-policy-wonk Pavan Srinath talks to scholars and experts on everything from India's unique genetics to why China isn't really trying to take over the world. New episodes out every Thursday. The Pragati Podcast is the titular podcast of the online magazine Pragati, and has a lot more brain fodder at www.thinkpragati.com.

Take a step back from noisy political debates and tune in to rich conversations on India and the world. The Pragati Podcast is a weekly talkshow on public policy, economics and international relations. Science-geek-turned-policy-wonk Pavan Srinath talks to scholars and experts on everything from India's unique genetics to why China isn't really trying to take over the world. New episodes out every Thursday. The Pragati Podcast is the titular podcast of the online magazine Pragati, and has a lot more brain fodder at www.thinkpragati.com.

Take a step back from noisy political debates and tune in to rich conversations on India and the world. The Pragati Podcast is a weekly talkshow on public policy, economics and international relations. Science-geek-turned-policy-wonk Pavan Srinath

The Pragati Podcast

Former RBI Deputy Governor Viral Acharya talks to host Pavan Srinath about understanding and fixing India's persistent Bank NPA problem.

Advertisement