Opinion - Letters to the Editor   

Getting banks to lend

Your editorial, ‘Getting banks to lend’ (December 31), comes at a time when the overkill mentality is creeping the lending institutions in India and elsewhere. The current global economic meltdown makes us feel that neither the unregulated free market capitalism nor the Soviet style socialism works.

India can set an example and show the world that a cautiously regulated economic system can weather such storms with the government playing a facilitator. Overregulation and lack of credit for SMEs and the manufacturing sector will deter the much-needed growth for India.

Seshadri S. Ramkumar,

Texas

You have discussed only the process of lending by banks. But what about repayment by borrowers? Since huge amounts have not been repaid in time, several leading banks have collapsed. On what terrain will they start lending once again?

They can at best make polite appeals to the borrowers to repay as early as possible — on the lines of the appeal India is making to Pakistan to dismantle the terror structures on its soil.

B.R. Kumar,

Chennai

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Looking ahead
Farms that save birds
Terrorism: are stronger laws the answer?
Omar, without the Abdullahism
Pakistan’s plight and what needs to be done
Young, educated & “modern” but with an ancient outlook
Corrections and Clarifications
Vote for Hasina
Statesmanship
Getting banks to lend

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu