The course is designed to teach students the dichotomy between specialized banking (i.e. where commercial banks are different from merchant banks) and universal banking (i.e. where banks carry out commercial and merchant banking operations under the same roof). The course will also expose students to the concepts of armchair banking and dynamic banking, distinction between unit banking and branching banking, structure of liabilities -determinants of proportion between time deposits and demand deposits, structure and functions of central bank, central bank and development finance, central bank and commercial banking, development banks and re-finance institutions, techniques of control of rural credit: orthodox and unorthodox comparative discount mechanism, theories of banking: the liquidity principle, the matching principle, short-term lending. medium-long- term lending: and the banking systems in the advanced countries

Level of Study: 300 Level