Business

BS Columnist Tamal Bandyopadhyay wins KLF book award for ‘Pandemonium’



Veteran journalist and Business Standard Columnist Tamal Bandyopadhyay, who writes ‘Banker’s Trust’ column, recently won an award at Kalinga Literary Festival for his book “Pandemonium: The Great Indian Banking Tragedy”.


He won the KLF Business Book of the Year Award 2020-21 along with Maruti chairman R C Bhargava for his book “Getting Competitive: A Practitioner’s Guide for India” and former RBI governor Urjit Patel’s “Overdraft”. During the KLF Annual Program at Bhubaneswar (December 10-12, 2021), KLF Book Awards will be conferred.





“Pandemonium” is touted as a definitive insider story on the rot in India’s banking system – how many promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans. The same troubles quickly spilled over to India’s mushrooming non-banking financial companies, which were quick to spot the post-demonetisation easy liquidity and banks’ reluctance to lend, prompting them to make the cardinal sin of borrowing short to lend long.


The book incisively showed how powerful bankers such as Chanda Kochhar and Rana Kapoor exposed the soft underbelly of seemingly more efficient and profitable private banks of India.


“A timely and insider look at dramatic forces reshaping banking in Asia’s third-largest economy, this book is a bird’s-eye view of Indian banking and also a fly-on-wall documentary. A must-read to understand contemporary India’s challenges and economic potential,” said a statement from the book’s publisher Roli


The Banker’s Trust column won Bandyopadhyay the Ramnath Goenka Award for Excellence in Journalism (commentary and interpretative writing) for 2017.


Author of five other books, Tamal is widely recognised as a contributor to the Oxford Handbook of the “Indian Economy and Making of New India: Transformation Under Modi Government”. In 2019, LinkedIn named him as one of the ‘most influential voices in India’.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *