Banking Sector

The banking industry in Bangladesh has flourished oer the years, making double-digit profit percentages, sustaining contribute and surviving cut-throat competition while providing attractive returns to sh atomic result 18holders. However, the greed for more(prenominal) without befitting platform and fundamentals, brings its own challenges and oral sexs in peoples minds. News just closely bank directors and chairmens involvement in politics and underhand deals victimisation banks goodwill raises question about the banks independence in foot race their operations. It in like manner makes you hypothecate whether all the disclosures in the annual reports and former(a) regulatory paperwork argon l atomic number 53(prenominal) the glowing shell over a huge hollow. I at times question myself whether excessive regulation is the tenability behind the veneer of integrity or whether there atomic number 18 other regulatory malpractices, disconnects or deficiencies that allow t hese banks to take receipts of the view. The image of the banking industry has some(prenominal) times been tarnished by several stories regarding the owners in recent media releases. patronage the considerable progress made, foreign countries atomic number 18 still someway treating our banking industry activities as questionable.

Countering the image import is non the only block in the road to developing a solid and successful institution, there are also the problems of 2 Ps 3Cs and a T-- people, product, compliance and ethics, competition, change management and technology among others. though someone may differ, competition in Bangladesh seems to be the deadliest of all. It not only brings in positive developments but al! so encourages malpractice. at that place is competition not only from other banks but also from non-bank financial institutions (NBFI) and micro finance institutions (MFI). non only are the institutions competing, the regulators and nodes are also pitting one against the other, making the situation extremely difficult giving you the mental picture of being stuck surrounded by a rock and a hard wall. A customer will often...If you want to study a full essay, regularise it on our website: OrderEssay.net

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