Full Project – MOBILIZATION OF DOMESTIC SAVINGS FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE BANKING INDUSTRY

Full Project – MOBILIZATION OF DOMESTIC SAVINGS FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE BANKING INDUSTRY

Click here to Get this Complete Project Chapter 1-5

MOBILIZATION OF DOMESTIC SAVINGS FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE BANKING INDUSTRY

CHAPTER ONE

INTRODUCTION

 

1.1     BACKGROUND OF THE STUDY

 

It is universally acknowledged that the banking including play a catalytic role in t he process of economic growth and development.  This acknowledgement is reinforced by contemporary conceptualism to the effect that banks are a veritable vehicle for mobilizing resources from su7plus units and tempting same to deficit unit. Banks constitute perhaps the most important segment of the financial market and played and a dominate vote in not mobilizing savings, but also allocating them for investment purposes.

In Nigeria, domestic savings rate is relatively low compared to most other developing counties with the same for capital income level. In the past, investment rates were high and hence there was no problem for raising funds.

Under the present economic dispensation, the companions or the drive for savings deposit has been stepped up by banks and non- bank financial institutions. It is Hoover not sufficient because the range and type of financial assets available are equally important. There is a wide range of saving instruments offered banks and non – bank financial institutions in Nigeria today.

However, most of the voluntary and non – contractual financial savings consist of savings and time deposit. Although other types of deposit such as savings certificate, premium savings bonds play any a miner rate, banks and non – bank (Moncial Institutions are today competing strongly among them instruments including additional frame benefits  almost banks are now offering contractual forms of savings aimed at persuading depositors to invest in long term deposits.

Another area some banks are foreseeing to mobilize funds today is the montage saving: because large number of Nigerians need accommodation of their own but fund it difficult with their meager income. Interest payment a demand deposits accounts has also some positive impact on the propensity to save. Bank have also been allowed by the government to open domaliary  account for Nigerian exporters in which proceed of experts can be paid or saved until when they are needed.  Transaction costs related to operating a new accounts and making deposits and withdrawals are now be coming relatively easier particularly for small savers. There is also the pension scheme which seeks to induce depositors to invest small sums of money over a specified period of time in the hope of receiving a stream of benefits upon reacting the age of retirement.

Conversely the crisis of confidence in our banks is a great set bank for the banking system.  In the past the majority of those who patronized the banks did so in order to find safer place for their money. And for many years bank in the country were the character of currency store house. But because of the lack of confidence in banks today s sizeable amount of Nigerians keep their currency or cash at home and this marks of most of cash unpaired by the banks. According to withstanding et al (1996:133), this one depositors resulting to cash drains. In the broadcast sense a cash drain refers to any kind of cash loss suffered by a bank.

This winders the financial intermediaries function of intermediation. Most of our industries depend on commercial bank assistance in form of overdraft short term and long loans for effective operation.

 

1.2            STATEMENT OF PROBLEM

 

Income posses the greatest constraint to savings mobilization. The generally low level of income among the people in Nigeria is a limiting factor to savings mobilization. The inadequate banking facilities in the economy in general and the rural areas in particular also constitute on obstacle to wide savings mobilization.

Growing frequency of incidences of found, insider abuses and malpractice which all combine in on unholy alliance to erode public confidence in financial institutions and do painful  damage to whatever level of banking habit has been developed.

Another factor that may affect savings mobilization is the absence of affective a realistic interest rate policy that rewards savers with adequate return on their savings. It  is argued that in as mush as the rate of interested adjusted for inflation various negative. Savings are likely to remain low. Perhaps the greatest problem in this country is that we run a cash economy. The handers the financial intermediaries from performing their functions. The practice constrains banning systems ability to mobilize funds with the consequence that banks create small mount of  deposit in comparison to amount demanded as loan by the economy.

 

1.3            OBJECTIVES OF ITS STUDY

 

The aim of the study is to examine available ways of achieving greater mobilization of savings and its efficient and effective channeling for economic growth the research aims at .

1.                 Recommending measures for improving greater mobilization of domestic resources in our bank.

2.                 Identifying the means throughout which the mobilized funds can effectively which the channeled to the growth and development of economy.

3.                 Identifying the effect of interest rate mobilization of domestic savings.

4.                 Identifying the effect of bank distress in deposit acquisition.

Determining the effects of income earned to savings mobilization.

 

1.4            RESEARCH QUESTION

 

(1)             Has there been an improvement measure towards achieving greater dogmatic resources in our bank?

(2)             Does the mobilization of domestic savings contribute in the economic growth of the economy?      

 

(3)             Does the interest rate charges on the mobilization of domestic savings positive? 

 

(4)             Does the bank distress syndrome have any significant effect to the deposit acquisition?

 

(5)             Does the propensity to save income earned have effect on the mobilized savings of the bank?

 

 

 

1.5            RESEARCH HYPOTHESIS

 

To determine the validity and volubility of the information gathered the following hypothesis were formulated.

(1)     H0:    There has been no improvement measure towards   achieving greater domestic resources in our bank

H1:    There has been improvement measures towards achieving greater domestic resources in our bank .

(2)     H0:    The mobilization of domestic saving and development of the economy.

H1:    Mobilization of domestic savings does contribute in the growth and development of the economy.

(3)     H0:    The interest rate has no positive effect to the mobilization of Domestic savings.

H1:    The interest rate has a positive effect to the mobilization of domestic savings.

4.       H0:    The bank distress has no significant effect to the deposit acquisition.

5.       H0:    There is no significant relationship between income earned of the people and the mobilization of domestic savings by the bank.

H1:    There is significant relationship between income earned of the people and the mobilization of domestic savings by the bank.

H1:    There is significant relationship between income earned of the people and the mobilization of domestic savings by the bank. 1:Hh

 

(Iii)    H0:    There is no significant relationship between the mobilization of domestic savings and economic development.

H1:    There is a significant relationship between the mobilization of domestic savings and economic development.

 

1.6            SIGNIFICANCE OF THE STUDY 

This study intends to elicit body of knowledge and understanding of the problem of mobilizing domestic savings by banks. It is expected. That of the recommendations of this research are implemented it will help to change the banking habits of people. It will also help the managers and staff of banking industry in Nigeria to improve on their fund mobilization strategy.

Researchers / students, lectures and the generated public will also fund the findings and recommendations of their research of value various interest areas, especially those who may wish to carry out further study on the topic in any other relate filed.

 

 

1.7            SCOPE LIMITATION AND DELIMITATIONS

 

There study examines the mobilization of domestic savings for economic growth and development. The study covers on the need for mobilizing domestic savings, the strategies employed by banks in mobilizing these savings and the problems associated with the mobilization. It also takes a general view on the ways of improving greater mobilization of domestic resources by the bank which all in turn enhances economic growth.

The researcher broadly examines the research topic as a whole and  then narrowed it down on the effort of the union bank of Nigeria PLC in mobilizing these domestic funds certain constraints were encounter by the researcher during this study they include :-

TIME: –      Time was a major constraint, bearing in mind that the work had to be handled done side other academic responsibilities of the researcher and coupled with the short time required to submit this work due to a very short semester.

FINANCE  :  This was another factor as the researcher funds the cost of gathered and analyzing information (both primary and secondary, costs of typesetting, photocopying materials and binding and other expenses necessary for the effective completion of this  work to be too exorbitant.

 

1.8            DEFINITION OF TERMS

SAVINGS:          This is that part of income that is not consumed immediately but deferred for investment or future consumption.

DOMESTIC SAVINGS:  This consist savings from the citizens of the country and not from foreigners.

CBN:          Central Bank of Nigeria the apex financial institution in the country.

NIGERIAN BANKING INDUSTRY: This countries of the banking institutions in the country which include the commercial banks, Merchant banks, development banks etc. with the control Bank at the Apex.

UNION BANK OF NIGERIA PLC: This is of the leading banks in the country both by deposit and assets wish 283 branches touching.

BANKER:  A banker could be send to be one who works in on institution licensed to carry on the business of banking.

DEPOSITORS:   These are bank customers who keep money  or value with the bank on contractual terms.

DISTRESS: A bank may  be classified distress when it is unable  to meet the bank examination rating system.

BOFID:      Banks  and other financial institutions Decree.

RURAL BANKING :   This involves the establishment of banks in rural areas to cultivate banking habit among the rural dovellers.

 

REFERENCE

Adewume, W. (1996)”  Mobilizing Domestic Resources for economic Development . The Role of control Bank of Nigeria and other financial Institution “ CBN Economic and Financial Review, vol 34 No 8 September P. 867.

Alab. M (1999) Mobilizing Domestic Savings for Economic growth Development fist bank .

BUSINESS AND ECONOMIC REPORT PP 1.5

 

Sanusi (1997) Sanitizing Nigeria Banking Industry “ Daily time September 8 p . 29.

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

You can also check other Research Project here:

  1. Accounting Research Project
  2. Adult Education
  3. Agricultural Science
  4. Banking & Finance
  5. Biblical Theology & CRS
  6. Biblical Theology and CRS
  7. Biology Education
  8. Business Administration
  9. Computer Engineering Project
  10. Computer Science 2
  11. Criminology Research Project
  12. Early Childhood Education
  13. Economic Education
  14. Education Research Project
  15. Educational Administration and Planning Research Project
  16. English
  17. English Education
  18. Entrepreneurship
  19. Environmental Sciences Research Project
  20. Guidance and Counselling Research Project
  21. History Education
  22. Human Kinetics and Health Education
  23. Management
  24. Maritime and Transportation
  25. Marketing
  26. Marketing Research Project 2
  27. Mass Communication
  28. Mathematics Education
  29. Medical Biochemistry Project
  30. Organizational Behaviour

32    Other Projects pdf doc

  1. Political Science
  2. Psychology
  3. Public Administration
  4. Public Health Research Project
  5. More Research Project
  6. Transportation Management
  7. Nursing

Education

 

 

Full Project – MOBILIZATION OF DOMESTIC SAVINGS FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE BANKING INDUSTRY

Click here to Get The Complete Research Project Chapter 1-5


RESEARCH PROJECT CONTENTS
CHAPTER ONE - INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research Hypotheses
1.5 Significance of the study
1.6 Scope and limitation of the study
1.7 Definition of terms
1.8 Organization of the study
CHAPETR TWO – LITERATURE REVIEW
2.1. Introduction
2.2. Conceptual Framework
2.3. Theoretical Framework
2.4 Empirical Review
CHAPETR THREE - RESEARCH METHODOLOGY
3.1 Research Design
3.2 Study Area
3.3 Population of the Study
3.4 Sample Size and Sampling Technique
3.5 Instrument for Data Collection
3.6 Validity of the Instrument
3.7 Reliability of the Instrument
3.8 Method of Data Collection
3.9 Method of Data Analysis
3.9 Method of Data Analysis
3.10 Ethical Considerations
CHAPTER FOUR - DATA PRESENTATION AND ANALYSIS
4.1. Introduction
4.2 Demographic Profiles of Respondents
4.2 Research Questions
4.3. Testing of Research Hypothesis
4.4 Discussion of Findings
CHAPTER FIVE – SUMMARY, CONCLUSION & RECOMMENDATIONS
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
REFERENCES
APPENDIX


Frequently Asked Questions | Https://researchprojecttopics.com.ng

Frequently Asked Questions

How do I get my choice complete project on any topic?
Simply click on the Download button above and follow the procedure stated.
I have a fresh topic that is not on your website. How do I go about it?
Chat with us on WhatsApp or contact our Instant Help Desk for a custom research project on your topic.
How fast can I get this complete project on any project topic?
Within 15 minutes if you want this exact project topic without adjustment.
Is it a complete research project or just materials?
It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data.
What if I want to change the case study for this topic?
Chat with Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
How will I get my complete project?
Your Complete Project Material will be sent to your Email Address in Ms Word document format.
Can I get my Complete Project through WhatsApp?
Yes! We can send your Complete Research Project to your WhatsApp Number.
What if my Project Supervisor made some changes to a topic I picked from your website?
Call Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
Do you assist students with Assignment and Project Proposal?
Yes! Call Our Instant Help Desk Now: +234 708 7083 227 and you will be responded to immediately.
What if I do not have any project topic idea at all?
Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 708 7083 227.
How can I trust this site?
We are genuine and duly registered with the Corporate Affairs Commission. This site runs on Secure Sockets Layer (SSL), ensuring all transactions are highly secure and safe.
Customer Testimonials | Https://researchprojecttopics.com.ng

Our Customers are Happy

Ademola A.

★★★★★

I was skeptical at first, but after placing my order, my full project arrived in my email in under 15 minutes! The process was smooth, clear, and professional. Truly amazing service!

Kwabena K.

★★★★★

I needed a custom project on a new topic. researchprojecttopics.com.ng delivered within 3 days, and the quality was outstanding. They even guided me on how to defend it. Highly recommend!

Michael H.

★★★★★

Fast, reliable, and very professional. My research project was delivered on time, with no hidden charges. The team is trustworthy and supportive.

Fatou B.

★★★★★

I got my full project in minutes and my custom request within 3 days. Their communication is clear, and the material is top-notch. Excellent experience!

James O.

★★★★★

https://researchprojecttopics.com.ng is a lifesaver! My project was delivered exactly as requested. The team is friendly, professional, and highly responsive. Very satisfied!

Ngozi E.

★★★★★

I was worried about paying online, but the team reassured me and delivered my complete project instantly. Transparent and professional service!

Ama S.

★★★★★

I requested a custom topic project and received it in just 3 days. The guidance and quality were excellent. I recommend Https://researchprojecttopics.com.ng to everyone!

Sarah W.

★★★★★

The service is dependable and efficient. My project arrived on time, and every step was transparent. Truly a professional service I trust.

Emmanuel T.

★★★★★

Fast and reliable. My full project was delivered in minutes, and the custom project in 3 days. Communication was excellent throughout.

Aisha N.

★★★★★

Extremely satisfied with the service. My project was delivered promptly, fully transparent, and of high quality. A trustworthy academic partner!