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

United Commercial Bank

United Commercial Bank THE CHAIRMAN of the United Commercial Bank, I P Goenka, feels that central bank credit at bank rate should be more freely available to meet the increased demand of finance from industry. He has stated at the Bank's annual general meeting recently that the demand for finance from industry would grow continuously. The 'liberalised' system for securing central bank credit in fact operates to deter banks from such borrowings to the extent that quite often they have to deny finance for industrial production. He has said that the current busy season has few weeks to go and if in that period the productive apparatus is not to suffer a breakdown, an intimation by the monetary authorities that central credit at Bank rate will be available more freely and in ampler measure is essential.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) 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