( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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DUE DILIGENCE OF DEPOSITORS ON BANKS SOME IMPLICATIONS

    2 Author(s):  RAKESH KUMAR, MANOJ KUMAR

Vol -  7, Issue- 8 ,         Page(s) : 304 - 311  (2016 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

The quality of services provided by the financial system influences the performance of the economy as a whole. The function of the financial system is to ensure that investible fund smoothly from savers to investors through institutions and/or markets. Banks as financial intermediaries provide investible funds from ultimate savers to ultimate borrowers, which forms the rationale for the existence of banks. As a result, the financial system facilitates effective capital accumulation, that is, one of the major engines of economic growth. There are two branches of the financial system which facilitate investment:

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