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

A+| A| A-

Foreign Banks in India-The New Drain

Foreign Banks in India-The New Drain

The New 'Drain' Charvaka The phenomenal profits of foreign banks operating in India have come not from genuine banking, but from treasury operations, from so-called portfolio management and from lending in the money market non-deposit resources garnered essentially from other banks, financial institutions and public sector undertakings.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top