Financial Daily from THE HINDU group of publications
Monday, Aug 02, 2004
Financial Daily from THE HINDU group of publications Monday, Aug 02, 2004 |
||
|
|
||
|
Opinion
-
Letters GTB fiasco
Banks have not changed with the times. They still rely heavily on the old lending model of agriculture, industry and services. Though services constitute the bulk of the economy, it does not receive much credit from the banks. Since there are no prudent guidelines to lend to the services sector, and the uncertainties associated with agriculture lending, banks find it easy to invest in government Securities — funding the fiscal profligacy of the government or resort to highrisk investments in stock markets (such as GTB). There is an immediate need to revisit the lending mechanisms of the banks. Anand Ram Seshu Secunderabad (AP)
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
More Stories on : Letters | Private Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|