Volume : VIII, Issue : II, February - 2018

THE BANKING INDUSTRY, IT'S THREATS

Shyju C M

Abstract :

 

The word ‘Bank’ has been derived from the word ‘Bancus’ or Banque which means Bench. The transactions are done by the Jews by sitting on the bench in the market. The basic function of banks are accepting deposits and lending money to the public and acting as an agent. But now a days Banks performs a pivotal position in the strengthening of the economy, Banks became the backbone of every economy. Now Banking industry faces challenges in the form of competition within the industry and the global crisis. Banks are forced to give a vide variety of services at cheaper cost to its customer is an essential one for their existence. To overcome these challenges, finance institutions have begun focused initiatives to standardize and streamline their operating models. At that time the banks are trying to improve flexibility at the local level to provide increased customer satisfaction.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

SHYJU C M, THE BANKING INDUSTRY, IT'S THREATS, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-8 | Issue-2 | February-2018

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