IIPM-Editorial (Commercial Banks)

Some view it as a ‘developmental role’, while commercial banks call it ‘good, sound banking’. Who would not want to raise deposits at a nominal risk? As it has been proved over and over again that the underlying problem has always been access to credit and not interest rates. P. S. Jayakumar, Country Business Manager, Global Consumer Group, Citigroup India agrees that “Micro enterprises have a significant role in building a financially self-sufficient community and it is important that small business owners receive economic support and training.” Amen!

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Source IIPM-Editorial,2006