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

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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.

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