70 years of banking: When will the financial repression end?5 min read . Updated: 18 Aug 2017, 07:24 AM IST
Financial repression still continues in India despite expansion of the branch network and use of modern technology
W.E. Preston, a member of the Royal Commission on Indian Currency and Finance, set up in 1926, once said: “... it may be accepted that a system of banking that was eminently suited to India’s then requirements were in force in that country many centuries before the science of banking became an accomplished fact in England."
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