BANKING PROBLEMS IN INDIA.
Additional interest has been imparted to the recent meetings of the Indian Banks by reason of the frank views expressed by the various chairmen, both as to the general financial situation in India and also as to the recent report of the Indian Currency Committee, and the legislation arising there- from. At the meeting of the National Bank of India, Sir Charles C. McLeod emphasized the fact that any agree- ment between the proposed new Reserve Bank, and the Imperial Bank of India, will call for very careful consideration if justice has to be fairly meted out to those who have financed the trade of India for so many years. Like some other speakers, Sir Charles also stressed the impossibility of the new Reserve Bank being a real Central, or Bankers Bank, and not an institution entering into competition with the other banks.
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