In Pandemonium: The Great Indian Banking Tragedy, bestselling author Tamal Bandyopadhyay takes you in search for the answer. It is a definitive insider story on the rot in India?s banking system ? how many promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans. The same troubles quickly spilled over to India?s mushrooming non-banking financial companies, which were quick to spot the post-demonetisation easy liquidity and banks? reluctance to lend, prompting them to make the cardinal sin of borrowing short to lend long.