The following booklet titled “Crisis In Indian Banking Industry” authored by Dr. Dharmendra Bhandari commences by highlighting on the banking sector collapse where nearly Rs. 35,000 crores are blocked in Non-Performing Advances. This is further enhanced by the public’s eroding trust in the banking sector, which is reflected by the fact that the rate of growth of deposits in banks is continuously declining. On the other end of the spectrum, the Profit and Loss Accounts of nationalised banks have started showing huge losses. This has further implications on the economic activities of the nation. Since banks play a fundamental role for lending funds for new projects, the declining deposits pose a threat to existing entrepreneurs in terms of renewal of credit limits and fuel inflationary pressures, thus effectively eroding the value of the rupee.

The author thus compares this situation to one of robbing the citizens of India as they become poorer and poorer due to financial mismanagement due to a lack of divulging of financial information about bad loans and non-performing assets.