Tuesday, 8 April 2014

Home » , , » What is the most important element for a Bank to survive?

What is the most important element for a Bank to survive?

4/08/2014 11:38:00 am  , ,  7 comments


Trust is the most important element for a bank to survive. People will keep money with the bank only when they believe that it will give back the money on demand in case of savings or current account or on the date of maturity in the case of fixed/term deposit. They believe that their money is in safe custody with the bank and will not loose value on the course.

Related Posts:

  • FINANCIAL INCLUSION Financial inclusion is the delivery of financial services at an affordable cost to vast sections of disadvantaged and low income groups. Why Financial Inclusion in India is important? 1. Creating a platform for inculca… Read More
  • LEAD BANK SCHEME Under Lead Bank Scheme one of the commercial bank act as a consortium leader for coordinating the efforts of all credit institutions in each of the allotted districts for expansion of branch banking facilities and for mee… Read More
  • Why did you choose to join a Bank? Reasonable salary. If you are ready to work hard you can get into a prestigious job within a short span. Banking is the backbone of the economy, therefore it is less prone to recession than other industries. Job Security-… Read More
  • Bank Career Hierarchy PROBATION- Probationary Officer.SCALE 1-        Assistant Manager.SCALE 2-        Manager.SCALE 3-        Senior Manager.SCALE 4- &nb… Read More
  • What is the most important element for a Bank to survive? Trust is the most important element for a bank to survive. People will keep money with the bank only when they believe that it will give back the money on demand in case of savings or current account or on the date of matur… Read More

7 comments:

  1. Unknown11 January 2018 at 12:06

    SBI has changed the IFSC codes of as many as 1,300 branches due to a merger and has also changed the names of many branches. The bank will automatically map the old IFSC codes with new ones for all customers. Check Here the changes have been made to SBI Bank IFSC codes

    ReplyDelete
  2. Unknown11 August 2018 at 02:03

    This comment has been removed by the author.

    ReplyDelete
  3. Unknown14 August 2018 at 17:31

    Financial arranging is a multi-step process that will enable you to get to your customer's specific financial circumstance and settle on the best choices to encourage them.https://www.inquiryremoval.io/

    ReplyDelete
  4. ishhu22 February 2019 at 16:38

    nice

    ReplyDelete
  5. Mike Jons14 May 2019 at 18:09

    A central element of the debt trap critique against payday loans is their “spiraling” fees: “When borrowers don’t have the cash come payday, the loan gets flipped into a new loan, piling on more fees into a spiral of debt for the borrower.” It’s certainly true that payday loan fees add up if the borrower extends the loan (like any debt), but do they spiral?

    ReplyDelete
  6. Kevin Horgan22 April 2020 at 21:07

    Proposed 9900 MW nuclear power plant in Jaitapur in India is being opposed by the local population. This articles gives the background of the issues and assesses the viability. nuclear explosion

    ReplyDelete
  7. European Escorts Newcastle upon Tyne3 December 2024 at 22:09

    Great read tthank you

    ReplyDelete