Some Reflections on the Indian Banking Scene; T.A. Pai Memorial Lecture

Narasimham, M (1984) Some Reflections on the Indian Banking Scene; T.A. Pai Memorial Lecture. Discussion Paper. TAPMI, Manipal. (Unpublished)


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In the ultimate analysis, the danger of over-regulation is that banks are likely to lose their innovative character. We cannot have induced innovation. As it is, banks are operating amidst the glare of public scrutiny and every action of theirs is watched. It is natural that banks and bankers tend to play safe, and coast along. In the process, banks tend to follow demand, rather than play a supply-leading catalytic role in credit disbursement, and it is this catalystic role that makes banking an essential instrument of development. While one should stress the need for professionalism in banking one should also provide scope for initiative and innovation in trying out new ideas fully in keeping with broader social objectives. If banking in India is to progress and accept the challenges ahead and make the contribution expected of it in the furtherance of economic growth banks should not only be essentially responsive and innovative but pay regard to the old-fashioned virtues of viability and profitability. Sound banking and commitment to social objectives are not mutually exclusive. T A Pai showed that they were not.

Item Type: Monograph (Discussion Paper)
Uncontrolled Keywords: Indian Banking System
Subjects: Finance
Finance > Banking Services
Divisions: Finance and Strategy
Depositing User: Mr Ramesh Kamath
Date Deposited: 28 Oct 2018 13:26
Last Modified: 28 Oct 2018 13:26

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