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Dialogue of the Deaf
The Government and the RBI
Author: TCA Srinivasa Raghavan
Imprint: Tranquebar
Pages: 304
Price: Rs 599
The first step Mrs. Gandhi took for fulfilling her father’s dreams was to nationalise fourteen private banks with deposits of not less than Rs. 50 crore on Friday, July 19, 1969. Between them they accounted for over 90 per cent of banking business in the country. As she would do when she decided to divide Pakistan up in March 1971 or imposed the Emergency in 1975, Mrs. Gandhi acted decisively. Volume Three of the RBI’s official
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