Essay about bank services. Banking Essay Examples | Free Essays on Banking

Consumer Banks These banks have exclusively been set up to provide loan for purchasing durable consumer goods such as car, washing machine, refrigerator, furniture, etc. Retail Banks These are the most common types of banks. Information technology is progressively becoming inestimable and dominant tool driving the development, aids in growth and promote competition and strengthens the competition.

These are mostly found in first world countries.

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In subsequent years, due to a continuous process of economic reforms, deregulation, liberalization, and many other policy decisions, Indian banks witnessed an unprecedented change in their operational environment.

These days, bankers completely focus on their customers. They offer numerous services to help you manage your finances better. Hanging around with friends and family make me feel well.

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They provide long-term loan to the industries to help them expand and develop. Almost daily we hear about new marketing plans by large retail and restaurant chains and the automotive essay on role of internet in student life never do we hear from companies about their new marketing in the financial sector.

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All the customers require doing is opting for internet banking service. Banks are involved in all type of activities from the mobilization to distribution of the public finance also from the purchase of the car to the research paper reading list assistance to the individual and business projects.

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  • Many such banks have been established in the country post independence.
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  • Investment Banks These banks are also set up to aid the businesses.

The unique characteristics of service industry such as Intangibility, Inseparability, Heterogeneity, Perishability and Ownership puts it in altogether different footing. So the current study is designed to investigate the impact of technological advancements on banking service quality.

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These banks give their consumers the leverage to repay loans in easy instalments. Promotes Agricultural Sector Agricultural sector is personal statement describing your educational and career goals important part of the economy.

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There are different types of banks that offer different kinds of services to individuals as well as businesses. The perspective changed from The Seller to The Buyer and customer became the key focus area, even for the nationalized banks.

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Here is why these institutions are of importance: The role of marketing in banking is continuously changing due to increasing awareness among customers, demand for quality services, growing competition and technological advancement in the field. It is also a fact that electronic services aids in the development of trust and relation with the customers.

This caused an absolute shift in Indian banking market.

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And last but not least, it can serve as a solid reference of academic formatting, when you are too tired and overloaded with information to try figuring out official guides. There is one Central bank in every country.

What is Islamic Banking 8. The first bank established in India was the Bank of Hindustan.

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None of the trademark holders are affiliated with this website. Conclusion While initially the thesis defense presentation format of banks only included accepting deposits and providing loans; they have started providing various other services now. Consumer Banks These banks have exclusively been set up to provide loan for purchasing durable consumer goods such as car, washing machine, refrigerator, furniture, etc.

Mehmood, The role of banking sector in the success, prosperity and development of any country cannot be over looked.

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It is easy to send and receive funds from anywhere with the advancement in the banking system.