Dictionary of Banking and Finance

Finance is the life blood of a modern economy. The banking system, as an integral part of the financial sector, is the linchpin of any development strategy. Along with other constituents of the financial sector, the banking system helps to mobilize 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 meticulously cross-referenced dictionary is designed to provide a useful, reliable, and readable guide to the all-pervasive field of banking and finance, and includes a glossary of E-banking terms.