Role of State Bank of India in the Economic Development of Hubli-Dharwar Twin Cities – Case Study
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 5
Abstract
Banking sector plays very important role in economic development. Economic development is a process of upward change, whereby the real per capita income of a country increases over a long period of time through growth and development of business enterprises. In short economic development is a process to increase the real or per capital income of the country involves initiating and constituting change in the structure of business and society. This change is accompanied by growth and increased output, which allows more wealth to be divided by the various participants. So Banking serve as catalysts (ie Agent) in the process of industrialization and economic growth and innovations plays a key role in economic development. Money is the greatest invention of man and is the pivot around which the whole economic science rotates. It as acquired so much importance that the modern economy is described as money economy. At present we cannot think of an economy without money because an economy without money cannot function as effectively, efficiently and smoothly as a money economy. Money bas overcome all the difficulties of barter: it has made possible tremendous saving of time and trouble in marshalling of productive facilities and in the distribution of the output of industry to final consumers. It has broghtabaout rapid economic progress by facilitating specialisation and division of labour, technological progress, large scale production of goods and extension of arious forms of business and financial organisation Thus, money has been serving the various needs of man. With the passage of time, its forms and functions have changed to a great extent. Before we discuss the forms and functions of money, let us discuss the condition of exchange that were existing before the introdcuction of money and banking.
Authors and Affiliations
. .
Keywords
Related Articles
- EP ID EP411232
- DOI 10.9790/487X-2005060521.
- Views 89
- Downloads 0
Strategic implementation of CDISC across pharmaceutical companies- an integrated approach
Strategically planned implementation process across pharmaceutical organisations will ease the submission process. It results in increased efficiency, cost effectiveness, avoid unforeseen surprises and it reduces stress...
Relevance Of Intellectual Capital On Firms’ Revenue And Market Valuation Of Quoted Information & Communication Technology(Ict) Industry In Nigeria
This paper assessed the effect of intellectual capital on revenue and market values of firms in information and communication technology firms in Nigeria. Human Capital , Structural Capital and Capital Employed were the...
The Relationship of Organizational Justice to Counterproductive Work Behavior and Personality as a Mediation
This study aims to examine the effect of organizational fairness on counterproductive work behavior and to know the role of personality in mediating the effect of organizational fairness toward counterproductive work beh...
Strategies For Conflict Management In The Nigerian niversities: A Study Of Asuu/Government Conflict
With the formation of Academic Staff Union of Universities (ASUU) in 1978, the relationship between the academics and the Federal government became more acrimonious and antagonistic. The Union, on several occasions, prot...
A Study on Brand Consciousness of Consumers in Retailing Environment
The impact of factors on brand consciousness is analyzed in this paper. The dependent variable is brand consciousness and independent variables are similarity avoidance, normative influence and public selfawareness. A st...