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- W2479980420 abstract "This chapter focuses on the lending system proposed by the Tandon Committee in 1975, which was later perfected by the Chore Group The greatest strength of this system lay in its simplicity and flexibility to adapt to changes in the economic environment without tilting its basic framework. By highlighting the necessity of developing industry-wise norms for holding inventories and receivables, the committee laid down the foundation of a lending discipline hitherto unheard of in the history of Indian banking. Later the Chore Group took pains in raising various issues around the prevalent cash credit system of financing working capital. It looked beyond, but stopped short of recommending gradual replacement of the cash credit system by the loan system." @default.
- W2479980420 created "2016-08-23" @default.
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- W2479980420 date "2011-10-20" @default.
- W2479980420 modified "2023-10-14" @default.
- W2479980420 title "New Era of Lending" @default.
- W2479980420 doi "https://doi.org/10.1093/acprof:oso/9780198074106.003.0012" @default.
- W2479980420 hasPublicationYear "2011" @default.
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