Dr Sankar De has served on the faculty at national and international institutions including University of California, Berkeley, University of Texas, Austin, University of Wisconsin, Madison, Indian Institute of Management, Calcutta, Indian School of Business, and Shiv Nadar University. His current research interests are the interface between development economics and financial markets. He has served as President of the Asian Finance Association and as a member of the Reserve Bank of India’s committee on Money, Foreign Exchange and Government Securities. He received his Ph.D. in Financial Economics from University of California, Berkeley, Post-Graduate Diploma in Management from Indian Institute of Management, Calcutta, and B.A. (Economics) from Presidency College, Calcutta.
Are banks responsive to credit demand shocks in rural India?
05 Oct 2015
The output of Kharif crops is estimated to decrease by about 2% this year due to deficient monsoon rains in some Indian states. How responsive are commercial banks to a credit demand shock in rural India? Analysing data on rainfall and agricultural credit during 1993-2010, this column finds that banks increase the supply of agricultural credit to farmers following a drought, but that the additional credit is directed towards existing customers.
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