KERALA- Real Face of the Radicals

December 21, 1974 bank borrowings although their inven- tory-to-sales ratios have not come down. Another indication of the unreliability of the data needs to be noted. The sizewise classification of borrowal accounts and advances of scheduled commercial banks shows that as at January-end 1973, there were 1,117 accounts with credit limits of Rs 1 crore and above and that they accounted for advances of Rs 1,606 crores. On the same data, the credit limits under the purview of the Credit Authorisation Scheme amounted to RA 5,957 crores in respect of 1,392 parties. In terms of the number of accounts there is thus a gap of as many as 275 big parties. Where are they accounted for in the actual credit outstanding? Is it reasonable to suppose that the utilisation ratio in respect of these large borrowal accounts is just a little over one-fourth? If we exclude the public sector accounts, the utilisation ratio works out to be still lower. The Reserve bank should have tried to reconcile the data, particularly those relating to big accounts.