A Study on Integration of Banking System and Its Impact on Economic Growth
Author : SS Harinee and Dr. MD Chinnu
Abstract :
The banking system plays a significant role in the economic growth of a country by mobilizing the economy’s savings and utilizing them for investment. This is because the banking system is regarded as a vital component in the economy of a country. In recent years, the banking system integration has become a notable reform for increasing the efficiency of the financial sector in the economy of a country. This study explores the concept of banking system integration and assesses its effect on economic growth. Banking system integration can be regarded as a harmonized system that allows smooth financial intermediation between different sectors of the economy by making a significant contribution to the growth of the economy through various sectors of the economy.
Keywords :
Banking System, Integration, Economic Growth, Financial Sector, Financial Inclusion, Sustainable, Financial Markets.
