Financial Intermediation in a Less Developed Economy: The - download pdf or read online

By Indrajit Mallick

ISBN-10: 0761936564

ISBN-13: 9780761936565

Monetary Intermediation in a much less constructed economic climate is an institutional narrative of a financial institution in a constructing financial system which acts as a case research and brings out the basic courting among finance and fiscal improvement. the amount defines the monetary middleman association and relates it to the method of monetary improvement. within the technique the authors argue that the normal versions of banking developed for built nations must be complemented by way of institutional narratives of banking that target minimization of the transaction charges of finance and association. The ebook additionally encompasses a accomplished evaluation of sure banking guidelines which are severe for the winning transformation of the right into a excessive growth-high potency constitution. attention-grabbing good points of the e-book comprise: greater than 50 years of stability sheet information of the financial institution gathered and analyzed Case reports of debtors within the precedence sectors Small pattern interview of depositors outdated infrequent images and ads A hugely based institutional narrative

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Such transactions were of three types. The first was the phenomenon of nationalization that turned the bank into an organization where socio-economic development of different groups of economically weak savers and borrowers, who previously did not have full access to banking, became the primary responsibility of the bank. The bank became far flung in terms of its branch network and innovated many small saving and lending schemes. Special attention was given to irrigation and marketing in agriculture, to savings mobilization and to increasing trade finance.

These banks grew in size and expanded their branch network both in urban and rural areas and contributed to regional economic development. However, not being sufficiently diversified geographically, the fortunes of these xxx | Financial Intermediation in a Less Developed Economy | banks were tied specifically to the development of the Bengal economy and generally to that of the eastern and the north-eastern states. 2 But despite maintaining the strong position in Bengal and the north-east of those remaining survivors after Independence, these banks could hardly geographically diversify their asset-liability portfolio by penetrating in other states of India.

On the other hand, they have successfully reached the small farmer, the artisan class and the small trader. This is perhaps the core notion of banking in the second half of the 20th century. In the 19th century, indigenous banking was seen as an important contribution to agriculture as it was less exploitative than rural money lending and lent stability to agricultural working capital finance. Industry in the cities and mofussils received a greater marginal share of working capital finance and it also got fixed capital finance from the Indian joint stock banks.

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Financial Intermediation in a Less Developed Economy: The History of the United Bank of India by Indrajit Mallick


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