Not a great idea

With reference to “Back to term finance institutions” by T T Ram Mohan (April 18), the author has rightly said that long-term finance banks would mean turning the clock back. The country has moved much ahead during the two decades since their abolition. Banks have by now developed enough expertise in term finance and grant of project and working capital loans under the same roof is no more an enigma. And if there is some deficiency still the gap can be filled by imparting necessary training to a select set of banking personnel. But if the idea to recreate term