The slow regress in banking

Print edition : June 28, 2013

For more than two decades after Independence, when private banks was the norm, the share of credit provided to the farming sector in total advances barely exceeded 2 per cent at its peak. Here, a farmer at work in Adilabad, Andhra Pradesh. Photo: S. HARPAL SINGH

In its guidelines, the Reserve Bank of India (its building in Mumbai in the picture) has sought to ensure the separation of bank and non-bank financial activities. Photo: PAUL NORONHA

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