Ific Bank

Introduction ____________________________________________________________ _____ 1.1 P habitgomenon Economic history shows that teaching has started everywhere with the banking system and its character towards financial development of a country is graduate(prenominal)est in the initial stage. Schumpeter (1933) regarded the banking system as one of the two main agents (other organism entrepreneurship) in the whole process of development. Keynes also emphasized the role of bank services in the process of economic development of a country, while he was addressing the House of Lords regarding International and pecuniary System (quoted in Sharma 1985). Moreover Alexander Gerschenkron (1962) in his popularly known Gerschenkrons Hypothesis explained the banking system as the get a line role player at certain stage of the industrialisation process. Leaving aside the generalizations make above, the case studies of some special(a) developed countries also show the useful roles played by the banks in economic development process of those countries. Prior and after(prenominal) World War II, Japan experienced very high rates of both industrial production and per capita income. Takeuchi (1970) credited Japanese banking system with making vital contributions to that growth.

Modern banks play an all-important(prenominal) part in promoting economic development of a country. Banks fork up necessary funds for executing various programmes underway in the process of economic development. They collect savings of large peck of people scattered through out the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the requirements. Economy of Bangladesh is in the group of worlds most underdeveloped economies. superstar of the reasons may be its underdeveloped banking system. Government as headspring as different international organizations have also set that underdeveloped banking... If you want to get a full essay, redact it on our website: Orderessay

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