Appeal No. 2005-2643
Reexamination Control No. 90/005,842
para. In the discussion (at 67-69) of inflation-indexed loans offered by various
organizations, including the National Pensions Institute, insurance companies, banks,
and the government, Mukherjee explains:
Banks started to make indexed charges on loans when their
indexed deposit business became of appreciable size. In the savings and
cooperative bank sector this was in 1956. Similar charging arrangements
by the commercial banks did not come into operation until rather more
than a year after that. This part of the banking sector had interrupted this
business for a year, and initially were able to cover indexed payments to
depositors with income from their holdings of government indexed bonds.
16
Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Next
Last modified: November 3, 2007