Bangalore, September 12, 2011
'Focus on Ambedkar's views on economic inequalities'
Special Correspondent
RECALLING HIS ACHIEVEMENTS: H.S. Upendra Kamath (second from right),
Chairman and Managing Director of Vijaya Bank, and other delegates at
the 120th birth anniversary celebration of B.R. Ambedkar in Bangalore
on Sunday. Photo: K. Murali Kumar
Public sector banks should pay tribute to B.R. Ambedkar by working
harder towards the ideal of inclusive economic growth which he
envisaged as an eminent political economist, H.S. Upendra Kamath,
Chairman and Managing Director of Vijaya Bank, has said.
Speaking at Ambedkar's 120th birth anniversary celebrations, organised
by the All-India Vijaya Bank SC/ST Employees' Association here on
Sunday, he said his views on equitable economic growth were more
relevant today than ever before. While Ambedkar's contribution as a
political personality was being emphasised, his views also need to be
highlighted and followed, Mr. Kamath said. His thoughts on small
land-holdings in India and their sustainability, agrarian economy,
public finance, and social and economic inequalities need a special
focus, he added.
Recalling Ambedkar's works in the field of economics, Mr. Kamath said
that while his doctoral thesis was on 'The problem of Indian rupee',
he had worked on the subject of 'Ancient Indian commerce' during his
master's degree. He had also written on 'The evolution of provincial
finance in British India.'
Role of banks
Public sector banks like the Vijaya Bank, said Mr. Kamath, were
working towards strengthening the financial inclusion movement by
credit-linking all eligible families in rural areas. Out of the target
of providing credit link to 408 remote villages by March 2012, in the
first phase of the initiative, Vijaya Bank had reached out to 230
villages, he added.
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