Preview

collgae

Satisfactory Essays
Open Document
Open Document
440 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
collgae
echnological:
Positive: Prime bank is obviously going with the technological trend. That means they (Prime bank) keep themselves up to date with the latest technology. They introduced debit card and ATM booth for their valued client; they introduced any branch banking, and internet banking, miker check, SMS/mobile banking etc.
Negative: People still do not have excess of their bank account from their home, client still cannot transfer their money from one account to another account using internet, when they are in their home. Technological invention is moving too much fast that many high resolution printers have been invented, so some fraud people can easily print/produce fake bank note and make them available into the market.
Environmental:
Positive: Activities related to the prevention of environment degradation and promotion of environment; support people living in the coastal and ‘char’ areas; carbon trading etc. Another important undertaking by the bank also merits mentioning, which involves financing of a geo-textiles manufacturing project. Geo-textiles products are being used in ample quantity in construction of bridge and approach road, and building protection for riverbank, coastal, and embankment.
Negative: Prime Bank provide loan on house building which cause more use of technological tools causes energy consume more and more ultimately causes for reducing our cultivable loss.
Legal:
Positive:
There is no legal obligation upon a bank to grant a loan to its clients under certain circumstances. Corporate adviser like Bangladesh Bank help Prime Bank to keep their operation smooth specially by providing short term liquidity during crisis of liquidity, by providing useful suggestions.
Negative: Contractionary fiscal policy by government agency like Bangladesh Bank sometime impose some rules and regulations which create a restriction on making profit by providing banking service to people.
SWOT ANALSIS
SWOT analysis enables an organization to have

You May Also Find These Documents Helpful

  • Best Essays

    The evolution of technology over the past few years has been part of a phenomenal experience in our everyday lives. Today, more and more people rely on getting things done faster and quicker, with the help of technology. Take banking for instance, the traditional way was having to go to the bank for even the smallest transactions like sending money, checking your balance and so on. Then came the era of Automatic Teller Machines (ATMs), which can be used to carry out simple banking transactions. From then on, Internet banking was introduced in the early 1980s, and by the year 2000, around 13.7% of households had signed up for online banking accounts, just in America (Ann Lomena, Joy Ried, Dec 2000).…

    • 1636 Words
    • 7 Pages
    Best Essays
  • Better Essays

    Fiscal Policy generally refers to the use of taxation and government expenditure to regulate the aggregate level of economic activity in a country. Fiscal policy in Bangladesh basically comprises activities, which the country carries out to obtain and use resources to provide services while ensuring optimum efficiency of the economic units. The policy influences the behaviour of economic forces through public finance. Major objectives of the fiscal policy of Bangladesh are to ensure macroeconomic stability of the country, promote economic growth, and develop a mechanism for equitable distribution of income. The main tools to achieve these objectives are variation in public revenue, variation in public expenditure, and management of public debt. These are reflected in the budgetary operations of the government, prepared and implemented on year-on-year basis.…

    • 1365 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    A Cashless Society

    • 1765 Words
    • 8 Pages

    The move to use electronic cash in an ironically termed society dubbed “cashless”; there are many issues that include security, privacy, crime and computerization. We as a society must as a whole be comfortable with this new shift or the tendency to rebel becomes prominent. As the financial institutions have implemented such things as debit cards, credit cards, internet banking, etc, it has slowly brought society into the acceptance zone whereby another step could be taken. Without society being able to understand the pros and cons of electronic cash, the full benefit of the cashless society may never be realized.…

    • 1765 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Online Banking

    • 42033 Words
    • 169 Pages

    Banks have traditionally been in the forefront of harnessing technology to improve their products, services and efficiency. They have, over a long time, been using electronic and telecommunication networks for delivering a wide range of value added products and services. The delivery channels include direct dial – up connections, private networks, public networks etc and the devices include telephone, Personal Computers including the Automated Teller Machines, etc. With the popularity of PCs, easy access to Internet and World Wide Web (WWW), Internet is increasingly used by banks as a channel for receiving instructions and delivering their products and services to their customers. This form of banking is generally referred to as Internet Banking, although the range of products and services offered by different banks vary widely both in their content and sophistication.…

    • 42033 Words
    • 169 Pages
    Powerful Essays
  • Good Essays

    Why Banks

    • 501 Words
    • 3 Pages

    The banking and financial services industries have been undergoing rapid change in recent years. These changes include the consolidation and increased geographic scope of the banking industry, a blurring of the distinctions between various financial institutions, deregulation, and the implementation of financial strategies made possible by improvements in computer technology and advances in finance theory. With the advent of technical advancements, the banking industry has changed vastly. Some of the new features available for banking customers are: 1. Core Banking 2. Internet Banking 3. Mobile Banking…

    • 501 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    There are around 106,000 Small and Medium Enterprises in Bangladesh according to a market survey. Based on the estimate, there is a total funding requirements of BDT 200 Billion. A lot of banks are financing for their working capital, fixed asset purchase and other business purposes through complicated or less friendly credit analysis methods by taking land or building as primary collateral. City Bank, as specified in its Small and Medium Enterprise financing policy, would like to offer simply structured, process based, yet risk mitigating banking product to the SMEs. CBL has been designed based on the above objectives to achieve.…

    • 6237 Words
    • 25 Pages
    Powerful Essays
  • Better Essays

    Bangladesh Bank is the central bank of Bangladesh. It’s core duty is to maintain the financial fluency of…

    • 1264 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Modern banking system plays a vital role for a nation’s economic development. Over the last few years, the banking world has been undergoing many changes due to deregulation, technological innovations, globalization etc. These changes also made revolutionary changes of a country’s economy. Present world is changing rapidly to face the challenge of competitive free market economy. It is well recognized that there is an urgent need for better-qualified management and better-trained staff in the dynamic global financial market. Bangladesh is no exceptions of this trend. Banking Sector in Bangladesh is facing challenges from different angles though its prospect is bright in the future. Since banking industry is a highly service oriented industry, its overall success depends on the customers’ satisfaction regarding its service and perceived image of the banking services. So, no matter how good the bank’s management or employees are, if it cannot create a good image in the minds of the customers and cannot maintain its standards as promised, and then it won’t be able to increase its market share and loyalty among customers. Uttara Bank Limited is always ready to maintain the highest quality of service by upgrading banking technology prudence in managing and applying high standard of business ethics through its established commitment and heritage. Objectives of a private institution like IBBL are to maximize profit through optimum utilization of resources by providing best customer service.…

    • 10196 Words
    • 41 Pages
    Powerful Essays
  • Good Essays

    Ambuja Cement Case Study

    • 776 Words
    • 4 Pages

    Rehabilitation of 330 hectares of land and 275000 planted trees, tremendous increase in local employment opportunities; enhanced wildlife of the region through artificial water reservoirs; marine life support, flood protection & climate regulation through mangroves; and Salinity regression from the freshwater towards the sea over the years are a few important results worth mentioning. Also the strengthened relationships with the local community and local authorities have earned the company a guaranteed license for their future operations in the…

    • 776 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Today’s world is changing very rapidly as new business are emerging by placing the old ones. Towards the end of century, let alone a millennium, people feel a growing uneasiness about the future. Many countries suffer from chronic high employment, a persistent deficit and deteriorating purchasing power. Like the other business, banking practices are also changing at an incredible pace. Every decade calls upon company management to think freshly about its objectives, strategies and tactics. In the banking industry, community branch banks have long been the marketing channels through which customers deposit money and make payments.…

    • 25568 Words
    • 103 Pages
    Powerful Essays
  • Satisfactory Essays

    Findings and discussion. Conclusion of the study and recommendations. Introduction Introduction Bangladesh Bank (BB), the central bank of Bangladesh, is the key player for the financial sector of Bangladesh as well as for the economy.…

    • 966 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    here that Alternate Channels of Banking are in prime focus. The importance of alternate channels arises…

    • 321 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Lease Report

    • 10944 Words
    • 44 Pages

    The operations of NBFIs in Bangladesh are regulated by the Bangladesh Bank. The grant of authority to engage in borrowing from the general public is normally based on such factors as minimum capital requirement, quality of management, compliance with the concerned laws, rules, and regulations, and stability of financial standing. NBFIs may grant loans to their members and the general public up to a certain amount and may also…

    • 10944 Words
    • 44 Pages
    Good Essays
  • Powerful Essays

    Risk-Based Lending

    • 19787 Words
    • 80 Pages

    To get the ball rolling, the government of Bangladesh (GOB) relaxed capitalization restrictions on banks and at the same time directed the state-owned banks to disregard normal credit requirements and to reach given loan portfolio targets on a timetable. The anticipated high default rate on these loans was…

    • 19787 Words
    • 80 Pages
    Powerful Essays
  • Powerful Essays

    Computers are coming with their more sophisticated version. These computers have given a potential to the banks and they could only dream about and have given bank customers high expectations. Changes those technologies bringing are enormous in their impact.…

    • 2387 Words
    • 10 Pages
    Powerful Essays

Related Topics