Highlights from IIB Journal (October -December 2004)
Multi-Dimensions of Banking
By Dr. A.P.J. Abdul Kalam
The first reprint is a speech by our Hon'ble President of India which sets the tone
for the issue. President has rightly indicated agriculture as one of the core-competencies
of the county that needs to be pursued by the banks and provision of urban amenities
in rural areas (PURA).
Rural Credit: Status and Agenda
By Dr. Y.V. Reddy
The second reprint is a speech by the Governor R.B.I., Dr. Reddy on "Rural Credit:
Status and Agenda". This article traces the maladies of rural financing, particularly
the inadequacies of RRBs and weakness of cooperatives.
Micro Finance - A Route to Reach Rural Poor
by Y.C. Nanda
Mr. Y.C. Nanda, former Chairman of NABARD is well known for his passion for SHG's.
His article on Micro -finance initiatives of the country traces the development
from the beginning of the movement to massive reach it has today.
Rural Financing: Compatibility of Regional Rural Banks
by Dr. N.K. Thingalaya
The article by Dr. Thingalaya on Rural Financing: Compatibility of Regional Rural
Banks argues for enhancing the scope of RRBs and making them financially vibrant,
where all financial services will be available.
Role of Subsidy in Credit Linked Development Programmes
by Dr. K.V. Patel
The role of subsidy in credit linked development programmes in the topic of Mr.
K.V. Patel's article. Given that subsidy has been considered a tool of rural development
the article is important for policy makers on rural development. Subsidy cannot
be equated to risk management systems nor is it sufficient incentive for taking
up unviable activities in the guise of development financing.
Role and Relevance of Priority Sector Lending in a Globalised Banking Scenario
by Dr. N.A. Majumdar
Dr. Majumdar's "Role and Relevance of Priority Sector lending in a Globalised Banking
Scenario" argues forcefully for continuance of priority sector concept. Given the
views expressed by other authors and speeches, the idea is well taken. This will
ensure that commercial banks will, rightfully continue to play an important role
in rural credit and objective behind recent initiatives in doubling of credit will
be realised.
Recovery Performance under Rural Portfolio
by Shri P.N. Joshi
Shri P.N. Joshi in his "Recovery Performance in Rural Credit Portfolio" highlights
the poor recovery and evaluates the NPA norms.
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