In economics banks are resembled as dam that collects money from society and keep it as small or big deposits. By so doing huge amount of financial resources are created. In economic planning these resources can be used and invested. In other words they can be used in various sectors like agric culture, commerce, industry, production and services. To use these resources appropriately banks are needed to have an effective integrated system. This system is referred to as credit information data which can play a vital role in channeling the resources. Unfortunately over the past years banks have turned into institutions that serve government. By giving ordered facilities a voluminous amount of resources are wasted. These facilities usually turn into arrear dues so that the government is now the biggest debtor to the banks; otherwise. They could be used to invest and to create job.

In economics banks are resembled as dam that collects money from society and keep it as small or big deposits. By so doing huge amount of financial resources are created. In economic planning these resources can be used and invested. In other words they can be used in various sectors like agric c...