Title of the Book: “Safe and Sound Banking: Deposit Insurance and Resolution In India – Developments, Issues and Policies”, 2020, Himalaya Publishing House, Mumbai, 365+lvi.
This book is about (a) modernizing the existing Deposit Insurance System in India and (b) instituting a concrete resolution mechanism for the banks in trouble. The two interrelated issues constitute one of the top priority items in the agenda for financial sector reforms in India in recent times, especially after the PMC Bank and Yes Bank imbroglios. The author has brought in his three decades of pioneering research in the area into the book, which is an enlarged version of his doctoral dissertation. The author blends his practical experience of having worked at FDIC and FRB in USA, and RBI/DICGC and two large commercial banks in India with the principles Economics,Banking Law and Insurance. This is the first book published on the Indian Deposit Insurance System which advocates down-to-earth reforms with far-reaching consequences. It,inter alia, contains a critical analysis of the FRDI Bill, 2016.
The author Dr. Manas R. Das is a PhD in Economics/Banking from Gokhale Institute of Politics and Economics, after his PG in Economics from Delhi School of Economics. He has over three decades of experience as a bank economist with PNB (5 years) and SBI (26 years). He has won several national and international awards, besides being the author of several articles. He is the columnist for the Ecotrac on prameyanews.com.