Article
Suyash Rai, Anirudh Burman
{
"authors": [
"Suyash Rai"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie India"
],
"collections": [],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie India",
"programAffiliation": "",
"programs": [],
"projects": [
"Political Economy"
],
"regions": [
"South Asia",
"India"
],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
Blueprint to Deal With Yes Bank crisis and Beyond
In the short term, there are two interrelated challenges—protecting Yes Bank’s depositors, and maintaining trust in the private banking system.
By Suyash Rai
Published on Mar 12, 2020
Source: Hindustan Times
With Yes Bank placed under a moratorium, depositors and businesses relying on the bank face a difficult time. A bank of this size — Rs 3.5 lakh crore worth of total assets as of end-September 2019 — has not failed in India in recent decades. When it failed, Global Trust Bank had about 0.5% of the total deposits held by scheduled commercial banks. Yes Bank holds about 1.8%. The situation presents certain short-term challenges, and highlights the need for certain reforms. In the short term, there are two interrelated challenges - protecting Yes Bank’s depositors, and maintaining trust in the private banking system.
This article was originally published by the Hindustan Times.
About the Author
Suyash Rai
Former Fellow, Carnegie India
Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.
- The Best of Ideas and Institutions, 2023
- Global Technology Summit 2022 Action PointsOther
- +4
Shruti Sharma, Suyash Rai, Konark Bhandari, …
Recent Work
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie India
- India’s Oil Security Strategy: Structural Vulnerabilities and Strategic ChoicesArticle
This piece argues that the present Indian strategy, based on opportunistic diversification and utilization of limited strategic reserves, remains inadequate when confronting supply disruptions. It evaluates India’s options in the short, medium, and long terms.
Vrinda Sahai
- What Could a Reciprocal Defense Procurement Agreement Do for U.S.-India Ties?Article
India and the United States are close to concluding a Reciprocal Defense Procurement Agreement (RDPA) that will allow firms from the two countries to sell to each other’s defense establishments more easily. While this may not remedy the specific grievances both sides may have regarding larger bilateral issues, an RDPA could restore some momentum, following the trade deal announcement.
Konark Bhandari
- India Signs the Pax Silica—A Counter to Pax Sinica?Commentary
On the last day of the India AI Impact Summit, India signed Pax Silica, a U.S.-led declaration seemingly focused on semiconductors. While India’s accession to the same was not entirely unforeseen, becoming a signatory nation this quickly was not on the cards either.
Konark Bhandari
- The PSLV Setback: Restoring India’s WorkhorseCommentary
On January 12, 2026, India's "workhorse," the Polar Satellite Launch Vehicle, experienced a consecutive mission failure for the first time in its history. This commentary explores the implications of this incident on India’s space sector and how India can effectively address issues stemming from the incident.
Tejas Bharadwaj
- AI Adoption Journey for Population ScaleCommentary
Connecting real-world AI use cases across sectors such as health, education, agriculture, and livelihoods can help policymakers, innovators, and institutions align around a shared goal. This article looks at a framework ensuring that AI works for everyone.
Shalini Kapoor, Tanvi Lall
