In the post-nationalization period, Indian political sector commercial banks have made rapid strides of progress by way of branch expansion, geographical coverage, priority sector lending and social banking. Departing from the tradition of lending to the agricultural sector, rural development and the small-sale entrepreneur and the tiny sector. Despite the positive emerging trends in the public sector banks by in servicing the priority sectors by adopting innovative schemes and developmental programmes like PRI, VAP / SAA (Differential Rate of Interest, Village Adopted Programme / Service Area Approach / DIR, etc.) a disturbing trend in terms of mounting overdues, plummeting profits, weakening operal efficiency has been noticed. Narasimham Committee has sounded a note of warning to the public sector banks to arrest the rising trend in over-dues, phase out the priority sector lending.
ABOUT THE AUTHOR A. Padmavathi
Dr. A. Padmavathi, completed her Post-Graduate Education in Economics, securing First Class at Sri Venkateswara Univeristy, Tirupati in 1978. She was awarded Doctoral Degree in Economics in 1986 for her specialized study on ‘Bank Finance to Smal-Scale Industry (A Case Study of Chittoor District)’. She worked as Research Associate from 1986 to 1989. She served as Lecturer in Economics at S.V.U. P.G. Centre, Kurnool from 1989 to 1993. Thereafter she joined as a Faculty Member in the Department of Economics at S.V. Univeristy, Tirupati in 1993 and was elevated to the position of Associate Professor in 1997. She participated in National Seminars, Symposiums, Workshops and presented papers in the area of Bank Finance and Rural Development. The Doctoral Dissertations, submitted under her research supervision, awarded, received good appreciation for the quality of research work both from foreign and Indian adjudicators. She has been held in honour as an exemplary teacher in the eyes of hundreds of students whom she taught.
ABOUT THE AUTHOR S Siva Prasad
S. Siva Prasad, completed his post-graduate degree in Economics, securing I Class at S.V. University, Tirupati in 1994. Now, he is Research Scholar in the Department of Economics, S.V. University, Tirupati.
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