SOUTH AFRICA-Election Rites

bank branches situated in the sprawling state amount to about Rs 34 crores, but the credit extended within the state comes to less than 15 per cent of this amount. Chief Minister Parmar recently- suggested that the Reserve Bank should issue a directive requiring banks to invest a reasonable proportion of any state's deposits within the state. Thus alone, he thought, could the financial drain from the less developed to the developed regions be stemmed.