Ethics In Banking Case Study

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ETHICS ASSIGNTMENT ETHICS IN BANKS

G.S.ABHILASH:-PG2015-003
UTTAM KUMAR CHATTERJEE:-PG2015-055
BYSADEV DASH:-PG2015-018
GAURAV KUMAR DESHMUKH:-PG2015-020

(THE TOPIC HAS BEEN COVERED WITH 3234 WORDS.)

ETHICS IN BANKS:
Ethics is the backbone of any business more so in the banking industry as it is mainly a service oriented peoples Bank.

Introduction: An Ethical Bank, also known as a social, alternative, civic or sustainable bank is a bank concerned with the special and environmental impact of its investments and loans. The ethical banking movement includes: ethical investments, impact investment, socially responsible investment, corporate social responsibility …show more content…

May be it is. But there must never be anything whimsical about the rules and regulations in the Banking industry.People must know how/where/why/what for they stand & a real healthy respect of the rules and regulations laid down/fundamental. Rumors, incorrect information, & gossip do tremendous amount of harm. It is bad for business.It is not the brains and ability and drive of the top men-No-in any world-it is the ethics of employees that really matters.
Business Ethics in Banks: Are Banks Special? Yes .the debate continues/will continue-over the years with distinguished bankers/economists, offering their comments in various forums in the context of rapid changes in Banking and technology adoption to deliver services,
What makes Banks Special?
01. Banks are highly leveraged institutions in that owners equity is far too small compared to the equity of the depositors
02. Banks are vulnerable to stocks which may arise from Non- performing assets, frauds, bad management, even rumors which could cause a run out. In such cases, even if one bank is distressed, the panic spreads like wild fire to the entire system soon/even beyond boundaries.The whole economy of the country collapses and hence ethics in banks is

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