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

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Trade with East Europe- No Qualitative Change Yet

January 20, 1973 cular there is no suggestion that there was anything wrong with the direction and flow of banks' resources. The Reserve Bank's concern is only with "disorderly scramble for funds". The phrase is ominous when taken with the statement that "joint consideration of the problems by the major banks is being arranged". In other words, a scheme of sharing of accounts is to be worked out by the major banks. A movement towards healthy competition, indeed.

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