ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Behind the Co-operative Facade

 banks in industrial finance, a point which unfortunately still escapes attention. An informal advisory com- Wttee, which has just reported to the Reserve Bank has suggested that some guidelines and limits should be lard down for this business in order to bring about diversification of business. One recommendation, which the Reserve Bank has already accepted, is that 20 per cent of a bank's outstanding unsecured guarantees, together with its unsecured advances, should not exceed 15 per cent of its total advances.

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