Public sector banking

This is a study of banking with a difference, a difference emanating from systemic a approach where the place of banking is analysed in terms of its impact on and relationship with the basic processes of an economy. The traditional prin ciples of banking theory and practice are critically examined and alternatives suggested in the perspective of a "mixed" underdeveloped economy. The authors have attempted an analysis of the rationale and implications of public sector banking in terms of the broader considerations of its socialistic content, the organisational structure of the economy, the distribution of social and eco nomic power and the process of change and evolution of the economy.

In such a frame of reference, banking is not treated as a mere financial institution. Rather it appears as a vital segment of the infrastructure whose poten tialities in hitherto unexplored fields are brought to the fore.
Though the approach is essen tially theoretical, the Indian reality in the field of banking provides its empirical elucida tion. As such some of the policy conclusions emerging from the analysis take the form of mean ingful suggestions in the context of India's public sector banking.