Dictionary of Banking and Finances

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 mobilize financial surpluses of an economy and transfers them to areas of financial deficit. It promotes saving by providing a wide variety of financial assets to the general public. Saving collectors from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If  the allocation of credits 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. This valuable refernce work will be useful for teachers and students of economics, commerce, law and management, and also for bankers, corporate executives, legislators and governments officials.