Andy Mukherjee, Columnist

This $12 Billion Rescue Is a Bollywood Fantasy

Avoiding the collapse of Dewan won’t end the threat of a wider shock to India’s banks.

October 24, 2019 at 11:00 PM UTC

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

How to see past the crisis in India’s lending industry?
Photographer: Kunal Patil/Hindustan Times/Getty

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Suspend your disbelief, and like the protagonist of the popular Bollywood movie “3 idiots,” keep muttering: “All is well, all is well.”

If it isn’t yet, it will be.