Central Banking, NPAs, and Pandemic Policy in India

What role did India’s central bank play in navigating crisis and reform? This episode explores policy from the inside out.
Shekhar Tomar
Assistant Professor of Economics and Public Policy at the Indian School of Business (ISB). He completed his PhD from the Toulouse School of Economics in 2017 and worked as a Research Economist at the Reserve Bank of India (RBI) between 2017 and 2019.

Video Summary

This Arth Niti episode explores the evolving role of India’s central bank during a period of deep financial stress and policy change. From the NPA crisis to pandemic-era interventions, the discussion reflects on how institutional choices shape financial stability. It also examines the trade-offs central banks face when balancing growth and regulation, and the rationale behind major decisions taken during a turbulent chapter in India’s economic story.

Authored by ISB Editorial

Disclaimer: This video features research and insights developed at the Indian School of Business. While interpretations are those of the researchers, the content reflects ISB’s commitment to rigorous, impactful scholarship. The material is intended to inform, provoke thought, and support informed decision-making. It does not constitute professional advice or institutional endorsement of specific outcomes.