GIPE-PUNE-OIIOI2 - DSpace@GIPE

;1 58 THE BANK CAPITALISM OF YOUNG BENGAL
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TIu: Meaning or India', Banking-Equation.
It has become dear in the foregoing examinations
.that in point of per capita bank wealth the Italian and
Japanese co-efficients of t?-day are much nearer to the
'Indian (and of course Bengali) co-efficients than are the
Anglo-American or German {and French) co-efficients.,
Chronologically, also, the distance or'India (and naturally
of Bengal) from Italy and Japan in regard to banking
progress is much shorter than that from the four other
great powers. Amon.g these foui, again, the t~io,~the
U.S.A., Great Britain and Germany.-i~ too high for
India from the ~t~mdpoint 'of per, capita developments
in bank capitalism' '~d bank management, and therefore
too far ahead C?f India in point of time. Consequently,
the American, British and German experiences of today
can by no means stand as examples f~r emulation by
Bengali bank promoters or directors. It is the methods
and. attainments of the Anglo-American-German bankin,g
worla of some sixty or seventy years ago, that the
Ben.galisrof to-day would be in a position to follow intelligently'
and ,assimi.1ate. Si~ilarly~ 'if is the Japanese­
Italia~ bank-coefficients.of some thirty years ago which
might without much difficulty be approached by the
~ver~ge Indian bank stalwarts of to-day. Perhaps the
only countries of the world whose banking conditions are
almost similar to those of Bengal and, generally speak­
Ing', of "ndia are the Balkan states, Eastern Europe,
Russia, s~~e of the Lati~