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Prasanna Tantri
Associate Professor, Finance
Executive Director - Centre for Analytical Finance
Email prasanna_tantri@isb.edu
Website https://www.isb.edu/en/research-thought-leadership/faculty/pages/prasanna-tantri.html
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
June 8, 2022: Pradhan Mantri Garib Kalyan Yojana helped poor live with dignity: Finance Minister, The HIndu.
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 24, 2022: corporate tax cuts do boost investments, The Hindu Business Line.
January 29, 2022: Corporate charity, mandating CSR spending and taxes, The New Indian Express.
January 26, 2022: Planning for retirement with Life Insurance, Moneycontrol.
March 18, 2021: Should West Bengal adopt Ayushman Bharat?, 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.
February 2, 2021: Budget Insider, Business Insider India.
May 18, 2021: India’s m-cap hits all-time high, The New Indian Express.
February , 2021: Have the budget proposals got your brains into a knot?, Business Insider India.
February 17, 2021: An evergreening exercise that has gone unnoticed for too long, Livemint.
July 15, 2021: Investors can lock in interest rates for long term with G-secs, Business Standard.
August 15, 2021: PMJDY turns 7; brings 43 crore under formal banking system, The Hindu Business Line.
January 9, 2021: What happens when firms have to stump up for good causes, The Economist.
May 23, 2021: Why PMJDY must be scaled up to next level, The Hindu Business Line.
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.
May 13, 2020: FM Nirmala Sitharaman's overall package a good one, says ISB Prof, The New Indian Express.
October 23, 2020: Delayed Bank Recap Key to India’s Pre-Covid Slowdown, Shows New Research, Bloomberg Quint.
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 8, 2020: Protect poor by creating jobs in formal sector, The New Indian Express.
May 23, 2020: To stimulate demand or improve supply, that’s the question, 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.
March , 2020: Coronavirus fears batter markets but is Friday bloodbath just the beginning?, New Indian Express.
April 28, 2020: All debt and no equity makes an entrepreneur a speculator, The Hindu Business Line.
November , 2019: Markets riding high even as economy slumps, New Indian Express.
May , 2019: New Aadhaar for rural welfare, The Economic Times.
December , 2019: PM Jan Dhan Yojna accounts are being used for consumption smoothing, Business Line.
April , 2019: Politics | Non-Committed Voters: Your Vote Can Improve the Country’s Economic Performance, moneycontrol.com.
March , 2019: States' own tax revenues expected to rise in 14% in FY19, Times Of India.
September , 2019: Indian Economy on the completion of 100 days of Modi 2.0 government in power, ETV Bharat.
August , 2019: One Tool to Track It All, Magzter.
March , 2019: Lack of guarantee in payments, Eenadu.
July , 2019: An imprint of ISB on the Economic Survey, Hindu Business Line.
July , 2019: Six Reasons Why the Economic Survey’s Presentation of MGNREGA is Misleading, The Hindu.
April , 2019: In-Kind Transfers, The New Indian Express.
July , 2019: Total balance in Jan Dhan accounts crosses ₹1-lakh crore, Hindu Business Line.
July , 2019: "Big Mandate For BJP Should Mean Bold Budget," What Young India Wants,, NDTV.
Research & Publications
Published Papers
Tantri, Prasanna., Kashyap, Nishant., Mahapatro, Sriniwas. (forthcoming) "Indirect Evergreening Using Related Parties: Evidence from India", Journal of Financial and Quantitative Analysis Rajagopal, Shivaram., Tantri, Prasanna. (forthcoming) "Does A Corporate Social Responsibility Mandate Crowd Out Voluntary Corporate Social Responsibility? Evidence from India", Journal of Accounting Research Tantri, Prasanna., Subramanian, Krishnamurthy., Bhardwaj, Abhishek. (2022) "Relationship Banking and Monetary Policy Transmission: Evidence from India", Journal of Money, Credit and Banking Tantri, Prasanna., Agarwal, Samanvaya., Kamath, Saipriya., Subramanian, Krishnamurthy. (2022) "Board Conduct in Banks", Journal of Banking and Finance 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 Agarwal, Sumit., Alok, Shashwat., Chopra, yakshup., Tantri, Prasanna. (2020) "Government Employment Guarantee, Labor Supply, and Firms' Reaction: Evidence from the Largest Public Workfare Program in the World", Journal of Financial and Quantitative Analysis , 1-49 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
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. "American Finance Association Conference", Tantri, Prasanna. "UNC Duke Conference on Corporate Finance", Tantri, Prasanna. "Asian Bureau for Financial and Economics Research Conference", Tantri, Prasanna. "Financial Intermediation and Research Society (FIRS) Conference",
Working Papers
Kashyap, N., Mahapatro, S., Tantri, Prasanna. "Preventing Borrower Runs: The Prompt Corrective Action Approach" Tantri, Prasanna. "Does Regulatory Forbearance On Bank Loans Adversely Impact Governance of Borrowing Firms?: The Indian Experience" 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?" Tantri, Prasanna. "Third-Party Audits and Tax Compliance" Mannil, N., Nishesh, N., Tantri, Prasanna. "When Emergency Medicine Becomes a Staple Diet: Evidence From Indian Banking Crisis" Tantri, Prasanna., Mannil, N., Tantri, Prasanna. "Do Regulations Lead to The Political Capture of Private Banks Evidence From India" 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. "How Does a Health Insurance Program Covering 500 Million Poor Impact Credit Market Outcomes?" Agarwal, Sumit., Murlidharan, Aditya., Nishesh, Naman., Tantri, Prasanna. "Familiarity Breeds Contagion" De, Sankar., Tantri, Prasanna. "Impact of a Political Intervention in Debt Contracts on Credit Market: Evidence from a Policy Experiment" Tantri, Prasanna., Mahapatro, Sriniwas. "How Does The Rescue of Weak Banks Through Mergers Impact Loan Performance? Evidence From India" Bhue, Gursharan., Prabhala, Nagpurnanand., Tantri, Prasanna. "Creditor rights and relationship banking: Evidence from a policy experiment"