The National Research Journal of Banking and Finance (NRJBFM) is a Bi-annual, peer-reviewed National research journal that provides a publication outlet for theoretical as well as empirical issues in the fields of Banking and Finance. The Banking and Finance Journal seeks to promote research that enhances the pro-fession’s understanding of Banking and Finance. The scope of the Banking and Finance Review is broad. It includes studies in the following areas: Banking, Financial Institutions, Corporate Finance, International Finance, Capital Markets, Commodities Market, Derivatives, Risk Management, Insurance , Fixed Income Securities, Alternative Investments, Portfolio & Security Analysis, Investments, Real Estate Finance and other areas of finance that may be of interest to academicians and financial professionals. All published research articles in this journal have undergone rigorous peer review, based on initial editor screening and anonymous refereeing by independent expert referees.