Feature or Characteristics of Bank
**********************************
Bank is a financial institution & intermediary. It keeps money saved by general peoples as deposit. Keeping a part of deposit to its hand for meeting the daily necessity of client, it provides and invests the remaining part of that deposits among various types of people as loan. So, its criterion are special than any other business or financial institutions. The features and Characteristics of bank are shown below:
1. Intermediary.
2. Financial institutions.
3. Legal entity.
4. Solvency.
5. Receiving deposits.
6. Issuing loan.
7. Safety & security.
8. Keeping secrecy.
9. Servicing.
10. Representation.
At last it is said that, bank is keeping vigorous roles to develop the economy, trade and commerce for obtaining its own radical development as a financial intermediary.
Qualities / Considering factor of efficient judgement of modern or ideal bank are/ Considering factors for opening account.
*********************************************************************************
Bank is a dealer of money and loan. The bank which ensures the best service & best behavior as well as captivates to clients through security and representation is called ideal or modern bank. The qualities of ideal back are given underneath with three categories :
A. Organizational qualities.
B. Business qualities.
C. Other qualities.
A. Organizational qualities :
-------------------------------
* Origin of bank may be established through company law or state which belongs to permanent existence.
* Location of bank will be easy, developed, secured and according to clients choosing.
* Experienced.
* Nationality.
* Efficient management.
* Solvency.
* Economy.
* Huge numbers of client.
* Relation with central bank.
B. Business qualities :
------------------------
* Good behave.
* Safety.
* Higher standard of services.
* Secrecy.
* Punctuality.
* Application of standard, modern &
exclusive technologies.
* Goodwill.
* Liquidity.
* Higher amount of loan &
investment.
* Lower rate of interest on loan &
higher rate of profit on deposit.
* Advising.
* Representation.
* Engaged in foreign exchange.
C. Other qualities :
---------------------
* Existence of foreign branches.
* Assistance to the government.
* Participation to social
development.
* creation of sensibility.
Excellent post! when I look through this blog, I am exceptionally glad to discover all destinations of satisfaction. Whatever we discover a web of music, diversions and such a wide range of webpage but our custom essay writers always share good info. It's dependably to great and incredible site for excitement. I am certainly looking this site via web-based networking media.
ReplyDeleteYour good knowledge and kindness in playing with all the pieces were very useful. I don’t know what I would have done if I had not encountered such a step like this.accounting firms in dubai
ReplyDeleteI wish to indicate because of you only to bail me out of this specific trouble. As a consequence of checking through the net and meeting systems that were not beneficial, I thought my life was finished.company formation services in dubai
ReplyDelete