Ever wondered why the Indian banking sector, the very backbone of the economy, witnessed so many collapses in recent times? Are there many more banks lined up to go belly up?
How could a sector so large and organized, highly regulated and constantly monitored, which is supposed to adhere to the most stringent of the rules and norms, actually see some of its banks turn insolvent?
Could all of this have been avoided? Is it only because few officials holding responsible positions decided to go ahead and sell their souls and conscience to the devil?
Who Killed My Bank is a definitive exposé by an insider who has held C-Suite positions at banks. It lays bare the wrongful practices followed by some of the banks as well as goes on to suggest steps through an exhaustive scoring model that the depositors can use to identify toxic banks to stay clear of them.
It is a fusion of fact and fiction, a culmination of years of experience and research. It is largely based on the recent events that shook the country's banking landscape and chronicles heart-wrenching human fallout, the plans, dreams, hopes and aspirations of thousands of depositors that got unfairly and mercilessly decimated for no fault of theirs.
Chaitanya* was born and educated in Mumbai. He belongs to a family of bankers and started his banking career in 1980, while still pursuing graduation from the University of Mumbai.
In a career spanning 4 decades, he has worked and been associated with some of the finest Public Sector Banks, Foreign Banks in India, International Banks in the Middle East & UK, Payment Gateways, Co-Operative Banks & Fintechs in India.
During his career, he has launched some of the trend setting retail banking products for the domestic market as well as investment products for the Non Resident Indians based overseas.
He has helped banks by introducing robust processes, new products, fee income streams and trained staff to be more proactive and process driven. He has also helped to professionalise the Board and adhere to regulatory norms.
He currently offers business process re-engineering services to banks desiring to improve their internal processes. He has trained hundreds of bankers and continues to train professional bankers and students, interested in taking up banking as their career.