India’s Lead Bank Scheme (LBS) needs context, not cosmetic reform : Dr. M. S. Sriram

Writing for Business Standard, Dr. M. S. Sriram of the Public Policy area at IIM Bangalore revisits the Lead Bank Scheme (LBS) in light of the Reserve Bank of India’s recent draft circular. While recent headlines have focused on proposals to monitor credit–deposit ratios in rural branches, Dr. Sriram’s op-ed piece ‘Lead Bank Scheme needs to contextualise recent changes instead of tinkering’ notes that these concerns are not new.