BARAN

LDM Office : The study group which was presided over by Prof. DR Gadgil recommended in Oct.'69 the adoption of an "Area approach" for the development of credit and banking in the country on the basis of local conditions. The group suggested earmarking of the districts to Commercial Banks so that they could act as space setters in the districts allotted in providing integrated banking facilities. The Committee of Bankers appointed by RBI under the Chairmanship of Sr. F.K.F. Nariman also endorsed this area approach. RBI accepted the recommendation and formulated the Lead Bank Scheme 9LBS) in Dec.'69 ...