Summary |
Credit policy is a powerful instrument for securing the desired economic results. credit control can exercise a healthy restraining influence on speculation and can assist in bringing about a better balance between aggregate demand and aggregate supply.
RBI has largely been successful in bringing the organized sector of the money market well under its control. RBI is also playing a more active role in the provision of rural finance and is devoting special attention to the problem of promoting banking development in parts of the country in which it has hitherto been lacking. These developments have strengthened the credit system materially
This book deals with various dimensions of monetary and credit management in India, focusing on post-liberalisation (1991 onward) period.
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