Non-urban Banking Market

 Rural Financial Industry Dissertation

Chapter II

History of the Research

2 . 1 Brief Backdrop of the Research

The banking method is an indispensable organization in the modern world and plays a huge role in the economic life of every civilized nation. Whether since mere unaggressive entities pertaining to the safekeeping and saving of money or as effective instruments of business and commerce, banking institutions have become prevalent among the people who have come to regard them with respect and gratitude, and most of all, self-confidence (Dizon, 2006).

Thus, however, humble wage earner has not hesitated to entrust his life's financial savings to the bank of his choice with the knowledge that they will be secure in its custody of the children and will even earn several interest pertaining to him. The ordinary person, with equal faith, usually keeps a modest bank account for security and convenience in the negotiating of his monthly bills plus the payment of ordinary expenses. As for business entities, your bank is dependable and actions associate which can help in the running of their affairs, not only in the shape of loans when needed but more often inside the conduct with their day-to-day ventures like the issuance or encashment of investigations.

In our study, we will be focusing in the countryside banking market in the Korea. Rural bank is a common practice in places that banking institutions happen to be few and far between and people who need to execute banking deals may have a problem finding a service so. With modern technology, a lot more people have access to on the net systems that allow them to carry out certain types of bank without a nearby branch, but this technology is unavailable for everyone, and demand for country banking remains to be high in several areas (ehow. com). Rural banking is incredibly common in countries with emerging marketplaces that are beginning offer a larger selection of banking services. This includes places like India, countryside China and countries in Africa. The importance of the countryside banking in the economic development of a country can not be overlooked. Without...


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