is as financial intermediary. Banking is a system in which we trade through
money. Banks are the safest place to keep money and with draw it any time you
want. It is also helpful for the customers to purchase consume products and
also provide loans on which interest is charged.
one of the major problem its mean where you operate, how you provide facilities
to your customers. Rural project, Energy projects is one of the major problem
faced by banking industry because this is creating a big hindrance in their
infrastructure development project with private-public partnership and avail
the best facilities.
LOW DEPOSITE RATIO:
The growing demand
of auto and mortgage finance has increased which also increased the prices of
these assets, the consumers take more loan from the bank but the depositing
ratio of the customers is very low which causing bank to depend on State bank.
awareness campaign should be introduced in order to attract the customers for
increasing deposit ratio through advertisement.
is a criminal act. The misuse of bank services for terror activities and like
money laundering has been observed is resent years. These criminal use
apparently legal sources to launder their illegal money without revealing the
true nature this is another a big problem for banking industry.
Anti Money laundering (AML) know your customers (KMC) form is used by bank to
reduce these criminal activities and taking from these issues requires a
coordination effect of the law enforcement agencies, bank institutes,
INCREASE IN COMPETITORS FROM
FINANCIAL TECHNOLOGY COMPANIES:
The companies use
softwares and applications to provide financial services to their customers.
This is creating a biggest challenge for traditional banking system.
is a solution, by providing online services to their customers it will lower
the cost of transaction.
Development is also a major problem in banking industry, because the management
trainee programs of banks are not suitable or organized, until then, the
trainee programs will not focus on the purpose of selecting high potential of
talent and it will not be achieved by banking industry.
bank should introduce trainee programs to develop their schemes and department,
so that candidates can be motivated and encourage to work properly.
INTEREST RATE VARIATION:
rate variation is also an emerging issue in the economy. Interest rate vary
through investment, banks also invest their money on other places. It is the
market price at which resources are transferred.
rate on savings should be low, so may businesses more likely to invest their
money. These investment lead to an economy expansion.
Our purpose of project
was to highlight the problems of banking industry, so for our knowledge our
group visited several banks from where we received a lot of information about
whole banking industry including their own bank problems. Banks are trying to
solve these problems by training their staff members.