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Bank Essay Examples

External environment for banking industry

...Similarly, commercial banks' competitive strategies are shaped by both new technologies, and the limitations of technology. Retail banking had traditionally been built around the paper-based payments, but IT has created new strategic possibilities for it. Electronic delivery of banking services can reduce a bank's overhead costs to a great extent. However abandoning bank branches can also give rise to disastrous strategic costs. New technologies have a led to a great transformation in the risk m...

National Union of Bank Employees

...Anisah Shukry. (May 1, 2012). On Labour Day, workers march for more money. Retrieved July 6, 2012 from http://www.themalaysianinsider.com/malaysia/article/on-labour-day-workers-march-for-more-money/ Baker&Mckenzie. (2009). Malaysia Trade Unions Guide. Retrieved July 11 2012 from http://www.bakermckenzie.com/files/Uploads/Documents/Supporting%20Your%20Business/Global%20Markets%20QRGs/Trade%20Unions%20and%20Works%20Councils/qr_malaysia_tradeunionsguide_2009.pdf Claudia Theophilus. (August 26, ...

Marketing plan for Commonwealth Bank

...CBA will reach both target audiences through online advertising on the CommBank website, radio advertisements, and television and newspaper advertisements. Some mass marketing will be used to target corporate customers through direct mail outs. The end of financial year is an important time for promotion in both market segments. In retail, 30 June is when people do their tax returns and claim back deductions for gifts and donations. For corporate clients, the new financial year represents a clea...

Csr in Inidan Banking Sector

...On the other side CSR reporting practices are far from satisfaction. There are hardly few banks which report their activities on triple bottom line principles. The lack of uniform standards for rating CSR practices leads to problem in comparison of corporate houses and difficulty in determining the CSR rating. In spite of the slow adaptation of CSR reporting practices in India, it is predicted to pick up a great pace in near future. The need for enacting some stringent regulatory provisions to e...

Impact of mobile and internet banking

...However the adoption of internet banking has enhanced performance of the banking industry due to increased efficiency, effectiveness and productivity. The study found that mobile banking faces various challenges among them being, system delays by the mobile money transfer service providers, slow processing of transactions especially during the weekends, high transactions costs, limit on the amount of money that can be withdrawn in a day and fraud. These challenges can be solved through regular m...

Reaction Paper in Opening Bank Account

...Opening bank account today would seem so easy. We can easily avail of a wide range of deposit products that answer our needs for greater accessibility to our funds, value-added features, competitive rates and convenience. Upon opening an account to the bank (RCBC), the bank gave me a registration form that includes details and some basic information about my identity. Honestly, I find it uneasy to fill up those forms because of lots of information it requires. However, I just used to think that ...

Role of Technology in Banking Sector

...This service is entirely web based, where sender can use his credit card / debit card for remitting the amount though their website. After remitting you are asked to provide the details of recipient. Electronic Clearing System (ECS) : It stands for Electronic Clearing Service ECS is an electronic mode of payment / receipt for transactions that are repetitive and periodic in nature. ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, ...

Credit Risk Management in Canara Bank

...Credit scoring models also form part of the framework used by banks or lending institutions grant credit to clients. For corporate and commercial borrowers, these models generally have qualitative and quantitative sections outlining various aspects of the risk including, but not limited to, operating experience, management expertise, asset quality, and leverage and liquidity ratios, respectively. Once this information has been fully reviewed by credit officers and credit committees, the lender p...

Royal Bank of Canada in Thailand

...Courtesy of the IMF’s $16.7 billion bailout of Thailand, the bank of Thailand’s governor declared that the country’s economy was headed for recovery in three years. Leaving the county now is not a good idea because should the economy recover and continue to grow, it would be a difficult and long process to reacquire even BIBF status in the country. In order to reenter Thailand in the future the country would have to invite RBC to apply, and then RBC would need to pass the application proce...

Questionnair on customer satisfaction of bank

...Now we have identified problem area so now we need to examine different aspects of particular problem area its is known as investigative question. Eg. Service Provided by SBI is helpful? Service is being provided timely? In Second area of Problem of staff member, we need to Examine that information provided by staff member is easy to understand?? Staff member are Help full?? In third problem area of after care service, we need to examine whether account is Keep up to date or not? Queries are att...

Ukraine in The World Bank Group

...It was also observed between the year 2008 and 2015 that the level of poverty in the country increased from 7.1% in the year 2008 to about 9.1% by the year 2012. The increase in the level of poverty can be attributed to the increase in inflation which rose from about 24.90% in the year 2014 to about 28.50% in the year 2015. The increase inflation also caused an increase in the core consumer prices, which increased from 122.80 in 2014 to 126.10 in 2015 (The World Bank Group, 2015). This meant tha...

The marketing plan of Barclays Bank

...Barclays Bank is one of the leading operations in the UK financial sector with exposure to Europe, North America, the Middle East, Latin America, Australia, Asia and Africa. Duringthe ongoing economic crisis Barclays Bank is one of the few UK operations to turn downstate funding from the UK government which has ultimately given directors more controlover the future direction of the company.The history of Barclays Bank can be traced back to 1690 when John Feame and ThomasGould began trading in Lo...

Disaster Recovery Planning in Banking Sector

...With the expansion of financial industry, banks become more sophisticated technology users; the disaster recovery plan will play a more important role in the banking sector. The bank’s disaster recovery plan can help the bank to mining the lost due to an unexpected disaster and recover the bank back to use as soon as possible, but it acquired the bank to plan a disaster recovery plan system and effectively before the disaster happens. An effective disaster plan is made under the strict require...

Hrm in Cooperative Banks in India

...Compared with all other management functions, human resource management in cooperative banks is more sensitive, personalized, context-dependent and cannot be managed through a set of predefined techniques. HR and strategic tool for competitive advantage. In fact, it is difficult first achieving employee satisfaction. Thus, employee satisfaction is a prerequisite to customer satisfaction. Effective organization depends on having the right system of HR policies and practices in place to recruit, ...

Bank Runs During the Great Depression

...Even if they tried to sell what they owned, it would be unlikely anyone would come up with the cash to buy their property, as most people hoarded cash, unwilling to invest it due to the financial situation (The Great Depression — History. com Articles, Video, Pictures and Facts). The Great Depression was a dark period in the history of Western Civilization, as it proved how easily people could lose faith, especially during the bank runs, where at times a small rumor could spark a bank run all ...

Functions of Reserve Bank of India

...RBI Implements the Deposit Insurance Scheme for the benefit of bank depositors. This supervisory function has improved the standard of banking in India due to this confidence building exercise. Under this system, deposits up to Rs.1.00 lakh with the bank branch are guaranteed for payment. Deposits with the banking system alone are covered under the scheme. For this purpose banking system include accounts maintained with commercial banks, co- operative banks and RRBs. Fixed Deposits with other fi...

Pros and Cons of Mobile Banking

...Depending on how soon you detect fraud, institutions are sometimes able to freeze transferred funds or even reverse a transaction. This can be difficult if money has been transferred overseas, as American regulations on electronic banking don’t apply to foreign institutions. While individual policies vary from one financial institution to the next, some have introduced zero liability policies for customers, meaning any funds you’ve lost might be reimbursable. When you sign up for online or m...

Organizational Structure Paper: Bank of America

...It takes careful analyzing of the business to accurately determine which structure may best suit the organization’s needs and even then it may take a few changes to find the right fit. Bank of America has come a long way from its beginnings and along the way it has been able to adapt to new structures. Part of its success comes from its organizational structure; Bank of America has thrived and become a successful financial corporation that has since conception not only helped itself but others...

Report on Shahjalal Islami Bank Limited

...In response though not exactly to that exigency but for quite a few other reason, a new system of banking known as Profit-Loss-Sharing has emerged in as many as 45 countries of the world. Another study provides a list of 248 Islamic financial institutions that are now in operation in different parts of the world. The second half of the twentieth century witnessed a distinctly separate line of thinking on banking. The thought later on got institutionalized at the end of third quarter and subseque...

Recent Trends in Indain Banking Sector

...The banking today is re-defined and re-engineered with the use of Information Technology and it is sure that the future of banking will offer more sophisticated services to the customers with the continuous product and process innovations. Thus, there is a paradigm shift from the seller's market to buyer's market in the industry and finally it affected at the bankers level to change their approach from "conventional banking to convenience banking" and "mass banking to class banking". The shift h...

The Origin Of Money And Banking

...The evolution of money had seen it taken different nature, various forms of tools and objects. For example, various precious metals had been accepted and used as money in primitive communities, Also, cowrie shells obtained in some island in the Indian Ocean. In the words of Davies (2002) quoted above, . "So important a role did the cowrie play as money in ancient China that its pictograph was adopted in their written language for money."[2] Even in most communities in West Africa used this mediu...

Personal Qualities Of Bank Officers Marketing

...Personal qualities is the characteristics that appear on a human due to his or her attitude and behavior. The personal qualities can actually determine what type of job they actually can and should work as. This is important for the employer to find the best candidate when they have vacancy in the organization. Personal qualities are important also for the people to know what they can do and what they cannot do. To be successful, a human must need good personal qualities where they will only be ...

Consumer Behavior of Kotak Mahindra Bank

...I generally went into the market in hard sunlight and manier times its rains. I took some action to solve these problems like I took data through telephone, observation. There is one thing that I have found that the peoples working at Kotak Mahindra Bank ltd are very much helpful in all areas. Every time they come to me and told me that they are available at anytime for me for anything, which really boost me and motivates me towards my goal and objectives. The culture of Kotak mahindra bank ltd....

Case Analysis of First National Bank

...The alternative must also give the optimal internalization by the members of the organization. Evaluation and Recommendation The group recommends the use of shared-power strategy in managing the changes in First National Bank because this strategy involves the other members of the organization in deciding and planning the changes that Mr. Viray wants to implement. The consultation with the other members provides venue for them to speak their side, especially their reservations about the changes,...

Case analysis for Bank of America

...For local mobile payment, Bank of America should reduce transaction cost to Bank of America and merchants. Merchants reduce costs associated with current point of sale credit card services. Instant access via Bank of America e-commerce to business accounts and transaction history. Eliminating more expensive consumer and merchant transactions could save cost to Bank of America. For person-to-person, it should cut out the middleman which means reduced transactional costs. Secure payment system tha...

Personal experience with banking concept of education

...My educational experience over the past twelve years has definitely established me as the student that I am today. While many aspects of growing up in a small town in the Massachusetts with many similar types of people surely affected my education, it is certainly my teachers who have made the largest impact on me. With both the initial guidance from my elementary school teachers and with the introduction of critical thinking that was introduced by my history teacher, I have developed a style of...

Customer Satisfaction with E Banking in Bangladesh

...At present all types’ business organization performs primarily for customer satisfaction. E-banking is service oriented industry. The first choice of E-banking is to customer satisfaction. Customers are habituated with organization culture. Culture is built up in the practice of years. So customer attitude toward organization is born observing and experiencing an organization’s practice and performance. Through innovative, structural and scientific training the employees of E-banking can pro...

Marketing strategies of state bank of India

...4 Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the government of India acquired the Reserve Bank of India's stake in SBI so as to remove any conflict of interest because the RBI is the country's banking regulatory authority. In 1959, the government passed the State Bank of...

Alpen Bank: Launching Credit Card in Romania

...To customers who make purchases using Credit Cards from Affluent and Most Affluent income segments, Our Alpen Credit Card offers a respected, premier, global, secure, and high-quality credit card service relative to BCR, Raifeissen, Bancpost, and BRD banks because Alpen bank is most respected quality bank for Affluent and Most Affluent customers. Alpen Bank credit card is the most respected, premier, secure, and high-quality credit card service provider that connects/services customers deeply, ...

Organizational Profile of UT Bank Ghana Ltd

...Culture and leadership can be seen as effective lubricants to the effective functioning of an organisation. The culture of an organization is many times created by those who lead it. The culture of an organization speaks directly to the beliefs and practices that it holds to be true. When thinking about culture a leader must help define why the organization exists and to lead by example. Thereby satisfying the needs of employees organisations operate more effectively and people truly become the ...

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