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

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Narration without Analysis and Assessment

Trend and Progress of Banking in India: 1985-86; Reserve Bank of India, Bombay, January 1987; pp 223.
THE Reserve Bank of India makes available to the public information relating to banking in three instalments in the course of a year, whether it is July to June or April to March. The first comes in the form of a small section in Part II of the annual report which is a statutory report in the sense that the report is submitted to the government of India in terms of section 53(2) of the Reserve Bank of India Act, 1934. The second instalment becomes available in the form of the report on Trend and Progress of Banking in India, also a statutory report, which is (unlike the annual report) devoted exclusively to banking. The third instalment appears as a chapter in the Report on Currency and Finance, which is a nonstatutory report and which is regarded, for this reason, as a staff report providing detailed information about the economy. The difference as between the three reports lies in the treatment of the subject of banking development and policy. While the annual report, which precedes the other two reports, gives a brief account of developments in banking, the other two reports elaborate on these developments in great detail.

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