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

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Tears for Cotton!

payments and the pace of construction of major projects in centres like Rour- kela. These fluctuations had disappeared in the case of offices opened since 1959 and the share of deposits from project areas to total declined from 50 per cent in 1955 to 33 per cent in 1963. Besides, even after a branch was started in a place by a particular bank a second office of another bank also was able to flourish suggesting the different types of business in which these banks had specialised and the possibilities that exist of diverting to the banking system the resources that might otherwise have been inadequately mobilised by the existing banks in those places.

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