The paper "Banking Sector in Burma " is a perfect example of a micro and macroeconomic case study. The banks which were in operation during the colonial period were concerned with trading with rice which was the staple food in the region. These banks did not create other branches as they concentrated within a confined region. Any bank that attempted to expand its operation territories did not survive because of misery and external invasion from Japanese. Most of the commercial banks therefore majorly dwelt with financing the trading activities and funding of the government projects (Rohmetra, 2009).
They funded these activities from monies from customer deposits, offshore money and revenue from the professionals and managers from the European countries. However, some of the banks were able to maneuver through to the country’ s offshore which was a channel to the external financial sourcing. The banking sector in Burma was self-liquidating with the core instrument of carrying out the bill of exchange. This permitted an exporter to earn his/her proceeds immediately without any delay any time sales are done. The commercial banks did provide finance for this service of the bill of exchange.
Furthermore, this service of the bill of exchange provided by commercial banks did not last for a long period. In contrary, some upcoming opponents tried to avoid as much as possible the long term advances. This was seen in continental Europe, Britain and some parts of the United States of America. During the colonial period in Burma, the issue of long term lending demanded collateral which was of good quality as opposed to the banks that lent with attached security. On the other hand, exchange banks from Britain had an upper hand in the world economy.
This was because it was at the centre of a major trading economy. British banks One of the formal operational banks in Burma was the Imperial bank. This bank diversified its operations apart from the provision of financial services and funding to a number of other businesses within the region (Ray, 2008). This made it be the best foreign exchange bank in financial diversification. This made this bank be renowned exchange bank of India. Among the most well known names given to the exchange banks of Britain were the chartered bank of India, China as well as Australia.
Up to date, they are the major worldwide financial organizations.
Louis E. Boone, D.L.K., 2012. Contemporary Marketing. p.303.
Mukerjee, R., 2007. Economic Problems of Modern India: Problems of Development. Allied Publishers.
Ray, P., 2008. Commercial Banks And Monetary Policy In India. New Delhi: Academic Foundation. pp.234-40.
Rohmetra, N., 2009. Human resource development in commercial banks in India. Ashgate.