GIPE-PUNE-OIIOI2 - DSpace@GIPE

I P
THE BANK CAPITALISM OF YOUNG'BENCAL
Compt~ir National d'Escompte de Paris established thedbranches
here previous to the War. Since the resumplion
of normal business relations with Germany at the end
of the war this 'Country has not y~t sought to establish a
branch of any of her banks in India. The German­
Indian business is financed at present chiefly through the
Dutch institutions.
The Morphology 0/ Bank-capitalism in France (1923)
It will be appr~priate to note at this stage ~he
:structure of bank-capitalism in one of the leading European
countrieS. Let us take FranceY For the year 1923
the organisation of banking institutions in France may be
.seen in seven groups. In French science it is the custom
to distinguish only three classes or types of banks:
(1) .privileged banks like the Banque de France, (2)
banques de depot (deposit banks) also called establisse­
:ments de credit (credit institutions), which may be
described, generally speaking, as ordinary, commercial or
·pure banks, i.e., banks as generally understood, and
.(3) banques d'affaires, i.e., business banks which specialize
in the financing of business by actual participation
.·or underwriting or issuing shares, which in German are
generally called Spekulationsbanken, and may be charac­
·terized ~ "industrial" banks.
It is clear that the regional, district or mofussil banks
.are from the view-point of functions to be taken more with
the deposit or credit banks than with the •• business ••
. banks of the tripartite classification. The three other
23 Levy: .. Banques et Banquier.... and .. L'OrganiBation bancaire'
,in L'Eurot>e Noul1elle (?ari&. 6 Dec. 1924).