The dramatic build-up to the overnight nationalization of fourteen banks in a single legislative sweep sets the stage for No Regrets. In this book, bureaucrat extraordinaire D.N. Ghosh offers an eyewitness account of perhaps the most important event in India's banking history post-Independence, baring the manoeuvrings behind the enabling ordinance and the pickle over fair compensation for the dispossessed bank owners. But that's not all. Years later, Ghosh enters the portals of the State Bank of
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