The Reserve Bank of India, 1951-1967This is the only authoritative history of the most important institution in India's economic development. Balachandran's book, meticulously researched and based on unrestricted access to the Reserve Bank of India's untapped records, completely covers the formative years after this nation's independence. Documented here (for the first time anywhere) is India's full-scale establishment of an institutional infrastructure for agricultural and long-term industrial credit and regulation banking. The book also takes a close look at India's external sector development. Finally, it explores the enduring relationship between the national government and the central bank. The depth and detail of Balachandran's work make this book a pioneering one. Students, researchers, and teachers of economics and modern Indian history--as well as bankers and journalists--will consider this volume essential. |
Contents
Changes in Money Supply Wholesale Prices | 1 |
Monetary Policy 195161 | 50 |
The Difficult Years 196167 87 | 67 |
Copyright | |
35 other sections not shown
Other editions - View all
Common terms and phrases
advances agreement agricultural credit amendments amount areas assets balances bank credit Bank of India Bank rate Bank's bankers Banking Companies Act banking system Bhattacharyya Bombay borrowing busy season cent Central Board central government commercial banks Committee cooperative banks cooperative credit Corporation countries crores currency chests deficit financing Delhi deposit insurance depositors Deputy Governor devaluation Director discussed economic export Finance Minister foreign exchange funds Government of India government securities government's Iengar Imperial Bank important increase Indian banks institutions interest rates investment Kerala Krishnamachari lakhs land mortgage banks latter liabilities limits loans Madras meeting Ministry monetary policy Morarji Desai officials operations overdrafts Palai Central Bank payments programme proposed raised Rama Rau recommendations requirements Reserve Bank responsibility role rupee Rural Credit Survey scheduled banks scheme second plan share capital state-associated banks sterling sterling area suggested T.T. Krishnamachari treasury bills West Bengal World Bank