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

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Shades of Social Control

under examination is a hike in deposit interest rates. By raising the cost of deposits, this, together with the directive to banks to raise their minimum liquidity ratio by one percentage point by April 24 and the possibility of further successive stepping up of the ratio, is expected to compel banks to charge more on their advances. A general raise in the cost of credit is thus sought to be achieved.

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