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

A+| A| A-

Addition to Folklore

cept such credits more readily in the normal course of business. The impact of the second change mentioned above would be to enable banks, it they so desire to bring out a larger part of their portfolio for refinan- cing all credits against deferred payments granted over the past three years instead of over only one year as so far. This should make them more wining to extend larger and longer credit on deferred payment basis. Such credits have been used in the past more frequently for purchase of cotton textile machinery and the new facility is likely to benefit this industry particularly.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top