The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff, and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled ‘Commercial banks and Social control’ is authored by M.L. Tanan, Professor Gangadhar Gadgil, and Professor C.K. Dalaya and published in 1968. M.L. Tanan argues that character alone should not be the main criterion of extending credit. He urges employees and employers of the bank to work harmoniously for national interest. Professor Gadgil states that nationalization is not the solution for problems of commercial banks. He debunks the misconception about commercial banks encouraging big businesses while ignoring the rural sector and criticizes the amount of power given to the Reserve Bank of India. Professor Dalaya claims that the act of balancing between national economy and private enterprise has paved the way for illogical policies. She criticises the Bill on bank control by critically analyzing the suggested policies.