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

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Policy for Urban Co-operative Banks-Need for New Approach.pdf

directors has shrunken since 1988; even in 1988; they do not appear to be alive to shareholders' concern.
The ball is finally in the court of the financial institutions. They would be happy if they are not asked awkward questions publicly. But even if individuals may desist. public interest cries out for a loud and clear answer. The capital-output ratio of a new ce ment plant will be less than one How will the company service its huge equity on the basis of such a low capital-output ratio? How does this scenario fit in with the new economic policy heralded by the finance minister who has the rare distinction of being a mature administrator and a distinguished academic? The time has come to look at L & T without the blinkers of the Ambani connection.

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