The article discusses how efficient financial systems are crucial for a country's economy to grow. The banking system plays a major role in the financial health and stability of an economy by connecting individual economic units and creating a national network of financial claims. This system helps in the creation of a national financial market and routes financial transactions, acting as a financial intermediary. Through this process, the banking system helps in rationalizing decisions to save, invest, and borrow, ultimately creating wealth and providing timely funds.