How to justify an ideal bank
How to justify the efficiency of an ideal bank
Successful of a bank depends on efficiency of a banker. Which bank are efficient their success are near with them. These efficiency depends on various factors of a bank.
These are given below:
a) Organization related factors
b) Employee related factors
c) Methods of operation related factors
d) Performance related factors
e) Client service related factors
f) Other factors
a) Organization related factors
i) Origin of a bank: What is the origin of the bank?
ii) Location of a bank: Bank location is an important thing to justify the efficiency of a bank.
iii) Types of bank
iv) Age and experience of bank
v) Nationality of bank
vi) Legal entity of bank
b) Employee related factors:
i) Manners of the bank employees: What will be the manners of a efficient banker.
ii) Efficient management: Efficiency is defined as the ability to accomplish something with the least amount of wasted time, money, and effort or competency in performance
iii) Maintenance of Secrecy
iv) Punctuality
C) Methods of operation related factors:
i) Which technology used
ii) Up-to-date information relating to accounts and clients
iii) Providing correct information
d) Performance related factors:
i) Sufficiency of capital
ii) Branches of bank: How many branches are available of the bank
iii) Number of accounts: How many bank account hold the bank of total branches.
iv) Ability to collecting more deposits: What is the ability to collect more deposit
v) Earning profits
vi) Liquidity
vii) Total deposit
viii) Total loan and investment
ix) Rate of interest
e) Client service related factors:
i) Offering services
ii) Security
iii) Consultancy
f) Other factors:
i) Relation with central bank
ii) Foreign exchange
iii) Publicity
iv) Good will of the bank
v) Control and influence of the government