1991 was the year that changed India. India liberalised its economy to avoid a default on external debt. 2016 was the year when India faced the 2nd biggest financial crisis. After RBI’s Asset Quality Review, the Indian banking System was at its weakest state. For every ₹100 lent by our banks, ₹11 turned into bad loans. It took almost 6 years, ₹14 lakh crores in write-off, another ₹3 lakh crores in taxpayers money and one revolutionary law to solve this crisis. What is the NPA crisis? How did India end up there? How big was the crisis? And How did India solve it? Watch this video! 📚 Sources: https://docs.google.com/spreadsheets/... 📊 Numbers: https://docs.google.com/document/d/1r... 📲 Follow us on Social media: Twitter/X: https://dub.sh/bIRdARb Instagram: https://dub.sh/AZwnZIp All materials in these videos are used for educational purposes and fall within the fair use guidelines. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please email us at hello@indexdaily.in, and we can sort it out.