Financial Intermediation in a Less Developed Economy:The History of the United Bank of India

At the outset, I would like to caution the readers that for this book one should try to understand the intention of the authors only by reading the complete title Financial Intermediation in a Less Developed Economy: The History of the United Bank of India, otherwise there is every possibility to think that it is financial intermediation in the country, although the authors delve with the basic queries of the nature of banking and the characteristics of financial intermediation and the need for a robust financial system in the process of financial intermediation and the relationship with economic growth and development. The authors have used the case of United Bank of India (UBI) and observed that the theoretical framework is inadequate in many respects to answer the important institutional questions and can be delved extensively only through a proper historical investigation.