Madan Sabnavis is chief economist at Bank of Baroda. He completed his M.A. in Economics from Delhi School of Economics and B.A. in Economics (Hons) from St Stephen's College. He has been a corporate economist since 1987, and has worked in the fields of development banking, commercial banking, engineering, commodity markets, and credit ratings. He has written over 2,500 pieces for various financial publications since 1988. He has also been chairman and co-chairman of committees at BCCI and IMC.