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Prasanna Tantri
Associate Professor, Finance
Executive Director - Centre for Analytical Finance
Email prasanna_tantri@isb.edu
Overview
I am an Associate Professor in the Finance area and Executive Director of the Centre for Analytical Finance at ISB. My research areas include- banking, financial inclusion, financial contagion, regulation, and the relationship between politics and finance. I teach a course on Indian financial systems.
Experience
Academic
- 2021 - Present: Associate Professor, Indian School of Business
- 2019 - Present: Executive Director, Center for Analytical Finance, Indian School of Business
- 2019 - 2021: Assistant Professor, Indian School of Business
- 2018 - 2018: Senior Lecturer, Indian School of Business
- 2011 - 2018: Senior Associate Director, Center for Analytical Finance, Indian School of Business
Professional
- 2004 - 2009: Unit Manager - Sales, ICICI Prudential Life Insurance
In the Media
February 13, 2023: Budget Brainstorm, Business Today.
February 1, 2023: Budget with NDTV, NDTV.
February 1, 2023: SJM: Focus will be on Jobs, Deccan Chronicle.
January 10, 2023: Mudra loans see record increase in Q3 of FY23, The Hindu Business Line.
December 1, 2022: Money matters – RBI has grip on Inflation, The Hindu Business Line.
November 23, 2022: A Case for Cash Transfers in place of Food Grains, The Indian Express.
October 3, 2022: Higher appetite Mudra loans log a record 30% growth in H1 FY23, The Hindu Business Line.
October 1, 2022: Disciplining Effects of IBC: Equity Inflows, RPT Reduction, and Investments, Idea, Impressions, and Implementation, IBB India.
September 28, 2022: Money matters RBI has a grip on inflation, The Hindu Business Line.
August 22, 2022: India central bank paper cautions against 'big bang' bank privatization, S & P Global Market Intelligence.
August 22, 2022: India central bank paper cautions against 'big bang' bank privatization, S & P Global Market Intelligence.
July 8, 2022: Why bank mergers are good for reducing NPAs, The Economic Times.
June 9, 2022: Govt’s proactive steps helped deal with pandemic blues: FM, Financial Express.
June 8, 2022: Pradhan Mantri Garib Kalyan Yojana helped poor live with dignity: Finance Minister, The HIndu.
May 1, 2022: Ayushman Bharat’s short-term impact is beneficial, The Hindu Business Line.
April 22, 2022: Effective and Efficient: The Insolvency and Bankruptcy Code, The Indian Express.
April 18, 2022: A High Resolution Tool - The Insolvency and Bankruptcy Code (IBC) has outperformed the earlier regime in terms of speed and efficiency, The Indian Express.
January 29, 2022: Corporate charity, mandating CSR spending and taxes, The New Indian Express.
January 26, 2022: Planning for retirement with Life Insurance, Moneycontrol.
January 24, 2022: corporate tax cuts do boost investments, The Hindu Business Line.
February , 2021: Have the budget proposals got your brains into a knot?, Business Insider India.
August 15, 2021: PMJDY turns 7; brings 43 crore under formal banking system, The Hindu Business Line.
July 15, 2021: Investors can lock in interest rates for long term with G-secs, Business Standard.
May 23, 2021: Why PMJDY must be scaled up to next level, The Hindu Business Line.
May 18, 2021: India’s m-cap hits all-time high, The New Indian Express.
May 10, 2021: Total balance in Jan Dhan accounts goes down by ₹2,787 crore in April, The Hindu Business Line.
March 18, 2021: Should West Bengal adopt Ayushman Bharat?, The New Indian Express.
February 17, 2021: An evergreening exercise that has gone unnoticed for too long, Livemint.
February 2, 2021: Budget Insider, Business Insider India.
January 9, 2021: What happens when firms have to stump up for good causes, The Economist.
May , 2020: Atmanirbhar Bharat analysis: FM's measures realistic and implementable, The New Indian Express.
March , 2020: Big Business on the cards for banks with customers on swiping spree, The Hindu Business Line.
July , 2020: Lessons from stock performance of IBC Resolved Firms, The New Indian Express.
October 23, 2020: Delayed Bank Recap Key to India’s Pre-Covid Slowdown, Shows New Research, Bloomberg Quint.
May 13, 2020: FM Nirmala Sitharaman's overall package a good one, says ISB Prof, The New Indian Express.
July , 2020: Telangana provided highest credit to SHGs, Times of India.
May , 2020: Boosting Demand with Cheap Credit to Consumers is not a Good Idea, Indian Express.
September 7, 2020: A loan waiver in whose interest?, The New Indian Express.
February , 2020: Have the budget proposals got your brains into a knot?, Business Insider India.
July , 2020: RBI Proposal on Capping Bank CEO Tenure Is Not Supported By Any Cogent Evidence, The Indian Express.
March , 2020: Global Markets may stay volatile in near term, it’s time to hoard good stocks, New Indian Express.
May , 2020: Is Cash-Transfers the Ultimate Solution To Recovery?, Civilsdaily.com.
March , 2020: Tackling the Ever-Greening Problem in Banks, The New Indian Express.
May 21, 2020: Power of Now in privatisations: Attempts to time the market to realise best price create more welfare loss than gain, The Times of India.
March , 2020: This bullet had to be bitten: Government and RBI intervention are essential in the Yes Bank case, Times Of India.
May 23, 2020: To stimulate demand or improve supply, that’s the question, The New Indian Express.
May 8, 2020: Protect poor by creating jobs in formal sector, The New Indian Express.
August , 2020: PM Jan Dhan Yojana records 40 crore beneficiaries in six years, The Hindu Business Line.
May 18, 2020: Equity infusion into SMEs is a great idea, but proper execution is key, The Hindu Business Line.
January , 2020: More than just Thalinomics: Economic Survey highlights with ISB Prof Prasanna Tantri, New Indian Express.
Research & Publications
Published Papers
Tantri, Prasanna. (forthcoming) "Understanding Loan Default Contagion Caused by Political Interventions In Debt Contracts: Evidence From India", Journal of Financial Services Research Tantri, Prasanna., Agarwal, Samanvaya., Kamath, Saipriya., Subramanian, Krishnamurthy. (2022) "Board Conduct in Banks", Journal of Banking and Finance Tantri, Prasanna., Subramanian, Krishnamurthy., Bhardwaj, Abhishek. (2022) "Relationship Banking and Monetary Policy Transmission: Evidence from India", Journal of Money, Credit, and Banking Rajagopal, Shivaram., Tantri, Prasanna. (2022) "Does A Corporate Social Responsibility Mandate Crowd Out Voluntary Corporate Social Responsibility? Evidence from India", Journal of Accounting Research Agarwal, Sumit., Alok, Shashwat., Chopra, yakshup., Tantri, Prasanna. (2021) "Government Employment Guarantee, Labor Supply, and Firms' Reaction: Evidence from the Largest Public Workfare Program in the World", Journal of Financial and Quantitative Analysis , 56 (2), 409-442 Tantri, Prasanna. (2021) "Creditor Rights and Strategic Default: Evidence from India", Journal of Law and Economics , 63 (3), 411-447 Tantri, Prasanna. (2021) "Identifying Ever-greening: Evidence Using Loan Level Data", Journal of Banking and Finance , 122 Tantri, Prasanna. (2021) "Fintech for the Poor: Financial Intermediation Without Discrimination", Review of Finance , 25 (2), 561–593 Chopra, Yakshup., Subramanian, Krishnamurthy., Tantri, Prasanna. (2020) "Bank Cleanups, Capitalization and Lending: Evidence from India", Review of Financial Studies , 34 (9), 4132-4176 Bhowal, Subhendu., Subramanian, Krishnamurthy., Tantri, Prasanna. (2020) "Costs Of Job Rotation: Evidence From Mandatory Loan Officer Rotation", Management Science , 67 (4), 2075-2095 Jain, Ankit., Tantri, Prasanna., Thirumalai, Ramabhadran. (2019) "Demand Curves For Stocks Do Not Slope Downwards: Evidence Using an Exogenous Supply Shock", Journal of Banking and Finance , 104, 19-30 Sarkar A.., Subramanian, Krishnamurthy., Tantri, Prasanna. (2018) "Effects of CEO Turnover in Banks: Evidence Using Exogenous Turnovers in Indian Banks", Journal of Financial and Quantitative Analysis , 54 (1), 183-214 Mukherjee, Saptarshi., Subramanian, Krishnamurthy., Tantri, Prasanna. (2018) "Borrower Distress and Debt Relief: Evidence From a Natural Experiment", Journal of Law and Economics , 61 (4), 607-635 Tantri, Prasanna. (2018) "Contagious Effects of a Political Intervention in Debt Contracts: Evidence Using Loan-Level Data", The Review of Financial Studies , 31 (11), 4556–4592
Conference Proceedings
Chakraborty, Bitan., Kallapur, Sanjay., Mahapatro, Sriniwas., Tantri, Prasanna. (2022) "Disciplining effects of IBC: Equity inflows, RPT reduction, and Investments", Insolvency and Bankruptcy Board of India (2022) Tantri, Prasanna. "Western Finance Association (WFA)", Tantri, Prasanna. "NSE-NYU Conference", Tantri, Prasanna. "European Finance Association", Tantri, Prasanna. "NEEMRANA Annual Conference", Tantri, Prasanna. "National Bureau of Economic Research (NBER) on Household Finance", Tantri, Prasanna. "IIMC NYU Conference", Tantri, Prasanna. "Summer Research Conference, ISB", Tantri, Prasanna. "Seminar on Agricultural Debt Waiver, Reserve Bank of India", Tantri, Prasanna. "RBI Seminar on Monetary Policy Transmission", Tantri, Prasanna. "Asian Finance Association Conference", Tantri, Prasanna. "UNC Duke Conference on Corporate Finance", Tantri, Prasanna. "Asian Bureau for Financial and Economics Research Conference", Tantri, Prasanna. "American Finance Association Conference", Tantri, Prasanna. "Financial Intermediation and Research Society (FIRS) Conference",
Working Papers
Tantri, Prasanna., Agarwal, Sumit., Prasad, Shradhey., Sharma, Nishka. "A Friend Indeed: Does the Use of Biometric Digital Identity Make Welfare Programs Counter Cyclical?" Tantri, Prasanna., Mahapatro, Sriniwas. "How Does The Rescue of Weak Banks Through Mergers Impact Loan Performance? Evidence From India" Kashyap, N., Mahapatro, S., Tantri, Prasanna. "Preventing Borrower Runs: The Prompt Corrective Action Approach" Tantri, Prasanna., Agrawal, Deepak., Subramanian, Krishnamurthy., Thirumalai, Ramabhadran. "Do Derivatives Matter? Evidence from a Policy Experiment" Tantri, Prasanna., Agarwal, Sumit., Vishen, Nitin. "Do Social Ties Trump Collateral in Determining Loan Performance? Evidence Using Same Day Loan Repayments" Alok, Shashwat., Mannil, N., Tantri, Prasanna. "Government Ownership or Quid Pro Quo? What Causes Political Capture of Banks" Tantri, Prasanna. "The Spillover Effect of Informal Lenders' Creditor rights on Formal Loans to the Poor" Tantri, Prasanna., Vishen, N. "Does Social Capital Positively Influence Loan Performance Even During a Crisis?" Mannil, Nithin., Nishesh, Naman., Tantri, Prasanna. "Medicine or an addictive drug?: The vicious cycle of regulatory forbearance" Chopra, Yakshup., Nagpurnanand, Prabhala., Tantri, Prasanna. "Bank Accounts for The Unbanked: Evidence from a Big Bang Experiment" Bhue, Gursharan., Prabhala, Nagpurnanand., Tantri, Prasanna. "Do programs mandating small business lending disincentivize growth? evidence from a policy experiment" Tantri, Prasanna., Mishra, Mrinal., Ramamoorthy, Venkatesh., Thota, Nagaraju. "Does Debt Relief Lead to Increased Precautionary Savings? Evidence from A Policy Experiment" Agarwal, Sumit., Murlidharan, Aditya., Nishesh, Naman., Tantri, Prasanna. "Familiarity Breeds Contagion" Tantri, Prasanna. "How Does a Health Insurance Program Covering 500 Million Poor Impact Credit Market Outcomes?" De, Sankar., Tantri, Prasanna. "Impact of a Political Intervention in Debt Contracts on Credit Market: Evidence from a Policy Experiment" Tantri, Prasanna. "Does Regulatory Forbearance On Bank Loans Adversely Impact Governance of Borrowing Firms?: The Indian Experience" Bhue, Gursharan., Prabhala, Nagpurnanand., Tantri, Prasanna. "Creditor rights and relationship banking: Evidence from a policy experiment" Tantri, Prasanna. "Third-Party Audits and Tax Compliance"