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October 2013
Economic & Political Weekly;10/19/2013, Vol. 48 Issue 42, p7
Academic Journal
The article focuses on the decision of Reserve Bank of India (RBI) to issue banking licenses to corporate and industrial houses which may lead back to pre-bank nationalisation scenario in India. Topics discussed include distribution of credit, importance of public sector banks in increasing the available cheap credit for peasant agriculture, and social control principle over banking sector. It also mentions conflict of interest in corporate houses and private banking.


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