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Finance is the life blood of a modern economy. Banking system, as an integral part of the financial sector, is the linchpin of any development strategy. Banking system, along with other constituents of the financial sector, helps to mobilise financial surpluses of an economy and transfers them to areas of financial deficit. It promotes savings by providing a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives of growth and social justice. This dictionary is designed to provide a useful, reliable and readable guide to the all-pervasive field of banking and finance.

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Book Details

ISBN: 9788177081664
ISBN-10: 8177081667
Format: Hardback
(145mm x 225mm x 28mm)
Pages: 248
Imprint: New Century Publications
Publisher: New Century Publications
Publish Date: 1-Jan-2008
Country of Publication: India

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