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SOCIAL BANKING IN INDIA: AN

OUTLINE

Prabal K. Sen
Professor-Economics Area
and
Chairperson, Entrepreneurship Development Centre
XLRI: School of Business & Human Resources
Jamshedpur
INDIA

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OUTLINE OF PRESENTATION
I. Social Banking in Perspective
I.1 What is Social Banking?
I.2 Need for Social Orientation among Banks

II. Evolution of Social Banking in India

III. Key Features of Social Banking as practised in India


III.1 A Wide Network of Banking Institutions-Multi-Agency System
III.2 Concept of Priority Sector Lending
III.3 Govt-sponsored subsidy-linked credit programmes
III.4 Refinance & Credit Guarantee Support
III.5 Innovations-Microfinance

IV. Problems Encountered & Suggestions Offered


IV.1 Regional disparity in credit deployment
IV.2 Problems of Unsatisfactory Recovery Performance
IV.3 Absence of Linkage Support
IV.4 Inadequacies in Attitudinal Orientation of Bank Functionaries

V. Concluding Remarks-Need for coordinated action


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I. SOCIAL BANKING IN PERSPECTIVE

I.1 Social Banking Defined


Social banking in India is perceived as a policy-induced orientation
of banks aimed at achieving the broadly accepted national priorities
and goals. It emerged from the recognition at the policy-level of the
need for aligning the banking system to the objectives of national
development process and the imperative for the banking institutions
to be inspired by larger societal concerns rather than by profit
motive only.

I.2 Rationale of Social Orientation in Banks in a country like


India

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II. Evolution of Social Banking in India

III. Key Features of Social Banking as practised in India


III.1 Architecture of Banking Institutions-Multi-Agency System
III.2 Concept of Priority Sector Lending
III.3 Govt-sponsored subsidy-linked credit programmes
III.4 Refinance & Credit Guarantee support
III.5 Recent Innovations-Microfinance et. al.

IV. Problems Encountered and Suggestions Offered

V. Concluding Remarks-Imperative for coordinated action

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