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

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BANKING-Keeping Everyone Happy

Keeping Everyone Happy DEVELOPMENTS in banking in 1072 raise two questions. First, why did the deposit growth rate drop to 17.3 per cent (rise of Rs 1,209 crores to Rs 8,146 crores) from the 1971 rate of 19.9 per cent (rise of Rs 1,154 crores to Rs 6,937 crores)? Second, how effective was the strategy of using the banking system's surplus resources to contain the Central government's recourse to the Reserve Bank?

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