The bank grounded theory emphasizes the positive role of banks in the development and growth of a country, while pointing out the failings of market grounded financial systems. It argues that banks can finance development more effectively than markets in developing husbandry and in the case of state- possessed banks, market failures can be overcome and allocation of savings can be accepted more strategically. The stock market grounded theory highlights the advantages of well- performing markets in promoting successful marketable performance, while exposing the excrescencies in bank grounded financial systems. Big, liquid and well- performing markets would foster growth and profit impulses, enhance commercial governance and facilitate risk management, diversification and the customization of risk management bias. There's an arising trend to remodel market conflicts, financial arrangements, impulses and constraints problems facing in the marketable growth. The financial system may impact saving rates, investment opinions, technological invention and structure in the long- run growth rates. The main thrust of reforms in the financial sector was on the creation of effective and stable financial institutions and markets. The reforms of the banking as well as nonbanking financial institutions are concentrated on creating a deregulated terrain and enabling free play of market forces, while at the same time, strengthening the prudential morals and the administrative system. The present study focuses on the identification of relationship between financial structure and marketable development. The financial structure should be dependable with both the bank grounded and market grounded financial fabrics. The financial structure is more significant than the type of their vehicle. The study outgrowth could help policy makers, to frame suitable programs on a long run base and help in nurturing a healthy economy, performing in the bank and stock market development of the nation.

KEYWORDS: Development, Financial, Governance, Economies, Performance, Technological, Incentive.