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

High Cost of Financial Sector Reform

EPW Research Foundation High Cost of Financial Sector Reform The slow-down in industrial activity is now increasingly getting reflected in the portfolio behaviour of banks and financial institutions. Banks' initial reluctance to lend has been reinforced now by companies' unwillingness to borrow both because of the low level of industrial activity and the persistence of high inter erst rates. All aspects of financial sector liberalisation, however, preclude any significant lowering of interest rates by banks and financial institutions, even as company finance studies clearly show how mounting interest costs are having a severe impact on corporate results.

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