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INTRODUCTION Finance is the lifeblood of the process of economic growth. ¿Money makes the mare go' is an age-old good saying which is applicable to all times. The economic growth and development of any country depend upon a well-knit financial sector. The financial sector comprises a set of sub-systems of financial institutions, financial markets, financial instruments, and services that help in the formation of capital. It provides a mechanism by which savings are transformed into investments and it can be said that the financial sector plays a significant role in the economic growth of the country by mobilizing surplus funds and utilizing them effectively for productive purpose