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

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CREDIT POLICY-All Things to All Men

All Things to All Men Charvaka December 17, 1977 refinance likely to he available from this new 'window' will be no more than Rs 5-8 crores a year, which is a pittance compared to the regular refinance facility of some Rs 1,000 crores which banks enjoy. This underscores the importance of a total recasting of the refinance/rediscount arrangements so that refinance/rediscount facilities are linked to qualitative changes in the lending policies of banks. As things are, given the rate of growth in their deposits, the refinance facility equal to one per cent of demand and time liabilities, which is available to them as a matter of course, alone will take care of the banks' needs in the next two years or so.

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