Evaluating organisational performance through monetary policy of Stanbic IBTC in Nigeria (2007-2018)

Monetary and fiscal policies forms the major part of the environment within which banks and other financial institutions operations are carried out, providing opportunities as well as constraints on the activities of banks and other financial institutions within the industries . The objective of the study is to evaluate the effects of monetary and fiscal policies on commercial banks and other financial institutions in Nigeria. A total of one hundred (100) copies of questionnaires were administered. The data collected was analysed using simple percentages while the hypotheses while administered. The data collected was analysed using level of significance. The findings revealed that there is a significant relationship between monetary policy and bank deposit liabilities in Nigeria; there is a significant relationship between deposit liabilities of commercial banks, minimum discount rate and deposit rates. It also revealed interest rate policy affects commercial bank savings and deposits. The study concluded that government regulation of the banking industry through the monetary policy is in order and still remains the most efficient control measure for banks in the interest of the nation. The problem remains implementation and this should be tackled headlong. The study also indicated that discount rate significantly influences the performance of commercial banks deposit liabilities through the mechanism of interest rate. Finally, the study recommended the need for government to urgently desist from policy somersault. Thus, policy changes should be infrequent and consistent as some of the Central bank’s measures have been very stringent and do not agree with the banks’ profitability goals.