In Barons of Banking: Glimpses of Indian Banking History, Bakhtiar K. Dadabhoy revisits the story of the country’s banking industry, beginning at the turn of the 20th century. Dadabhoy follows the careers of six eminent bankers; Sir Sorabji Pochkhanawala, Sir Purshotamdas Thakurdas, Sir Chintaman D. Deshmukh, A.D. Shroff, H.T. Parekh and R.K. Talwar. What emerges is a tapestry rich with anecdotes and data on how the industry developed and fared up till the early 1990s.
Dadabhoy has previously authored Jeh: A Life of JRD Tata and Sugar in Milk: Lives of Eminent Parsis. In a section titled “Weathering the Storm”, the civil servant talks about the banking crisis of 1913, triggered in equal parts by greed, deceit, ineptitude, and the absence of a central bank.
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