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Importance of customer service in banking industry
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6.0 Customer Service of Dhaka College Branch
Customer service is always a very vital issue for Janata Bank Limited. There is a common dialogue in Janata Bank which says “Customers are our King”. So it likes to treat its customers with a very outstanding manner. As the hospitality is very necessary, the Bank should always try to give its clients the best service. All the efforts and works in the Branch Banking environment should focus on customer satisfaction.
Front desk play a very vital role in a Bank’s customer service. This happen gradually that a prospective client approach to a Bank at first to know something .To know the facilities which the Bank could provide him. Clients want to know various matters to a Bank. There are varieties of clients .Someone may be a teacher, someone is a doctor and someone is businessman and may be some are students. To a Bank all the prospective customers are equally valuable. When a client enters into a Bank, he at first meets to the Front Desk. So the officers who serve here play a very important role. It is a very common rule that “First impression should be the best impression”. Janata Bank is very prompt in their Here customers find their guideline and all necessary information .They can open their account ,open different deposit scheme, can do Pay Order and could get all support to do
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The above table & chart shows that 4% customers strongly disagreed, 14.7% customers disagreed with the statement. It means internal decoration is not attractive to them. 12% customers neither agreed nor disagreed with the statement. It means internal decoration is so so attractive to them. 44% officers agreed & 25.3% officers strongly agreed with the statement. It means internal decoration and ambience of the Bank is quite attractive to them. The mean value of 3.72 indicates that internal decoration system is quite better in this
Prior to Fuller’s transfer, management at the Carson’s location was poorly run using the classical approach. While this approach can be successful, management has to find a good middle ground between caring for the company and caring about their employees. A traditional classical approach recognizes that there are five important factors to running a successful business (Miller, 19). According to text, these factors are planning, organizing, command, coordination and control (Miller, 19-20). These factors can be seen when you look at Third Bank as a whole. In the study, the CEO saw the issues in his company and put a plan together to improve. He had meetings with management, like fuller, to organize a solution. He then commanded all locations
Since customer satisfaction is very important in this company, Brandon Smith, one of the Vice Presidents at of the branches, said that treating the customers as if they were the “best” is what keeps them coming back for more transactions. He then continued to elaborate that they use a communication method to get to know their customers more. For instance, Bank of America’s customers talk about their financial goals. In addition, Brandon mentioned that his employees’ set many goals to change how customers view the company in a positive way.
A. By itself the first national bank can only lend out $10,000. It can lend out the full about due to the fact that it is depositing all of that money into its reserves. In a case like this it is like the federal reserve is making new money and then depositing all of it.
As you can see from the points above it is vital to give good customer
Banking supervision regards two major points which are safety and soundness. This has to do with consumer protection laws, safety and soundness of a bank often gets measured by an examiner. The examiner has to perform an examination review on banks performances which is based off the banks management, financial condition, and its commands with regulations. This helps protect consumer’s rights towards consumer’s protection laws, also helps ensure consumers they are safe with their banks.
Another pivotal issue was that of the multichannel integration—call center, branch, ATM, and Internet—which is immensely important for large financial institution like ICBC to attract and retain customers with the promise of “anytime, anywhere” account access. Customers are eager to have the kind of flexibility to use whichever channel is most appropriate at a particular time. Continuing with the same point the, ICBC was also concerned about the relative penetration of the existing as well as new customer base to gain access to the banks new technological proposition.
Introduction Pramuka Savings and Development Bank (PSDB) was incorporated in 1997 as the first private savings bank in Sri Lanka. Mr. Rohan Perera was the founder of Pramuka Bank and was the founder and chief executive officer of Seylan Bank previously. After resigning from Seylan Bank, Mr. Perera applied for license to incorporate a commercial bank from Central Bank Sri Lanka. But Central Bank only gave license to operate a Savings and Development Bank. But that was also a debatable topic.
The Bardi banking family started to emerge in the eleventh century. The Bardi family grew by the twelfth century to be large enough to establish branches in the England and throughout Europe. They expanded further with a transistion into offering more financial services. This included the first usage of checks in banking.
In this case study it was stated that there were a problem happen in the outsourcing for the Royal Bank of Scotland. What happen was there were an error that happen during the routine software upgrade that cause million of that bank customer cant access to their account. The error happen when one junior technician in India was accidently wiped all the information during the routine software upgrade. The member of staff that was working under the program for the Royal Bank of Scotland, NatWest and Ulster Bank and it was based in Hyderabad, India.
(6)In order to ensure safety of company property, the company bank account should be monitored by someone out of the account payable department. However, in this system, there is no such person who could reconcile the account. As a result, it is difficult to measure whether the payment is equal to the value of purchased good. On top of that, treasurers and account payable clerks can hardly be controlled. The owner of this business is recommended to find some trusted and reliable accountants as supervisors of the company bank account. And the company should also design a system which requires the authorised fingerprint for each payment. This can maximize the protection of the company's property.
According to the CIMB Bank, many ASEAN’s best talents was attracted to their company due to their reward systems. Besides the high salary that the CIMB Bank offered, it also provided a plethora of work-life benefits for your personal and professional well-being. Performance based incentives was one of the way that CIMB reward their employees.
A system which offers cash management services for customers, reporting the transactions of their accounts and portfolios, throughout the day is known as a Banking System. In India the banking sector, should not only be hassle free but it should be able to meet the new challenges posed by the technology and other external and internal
The relationship between a customer and a banker depends on the activities, services or products provided by the bank to its customers or availed by the customers. The relationship between a banker and a customer is a transactional relationship. A bank’s business depends on the strong bondage with the customer. Trust plays an important role in building this strong bondage between a banker and a customer.
The study is primarily designed to find out the continuous issue of the banking system in
A variety of groups are concerned in bank profitability for various reasons. The bank shareholders would want to know if the value of their investments is high or low. The investors also use current and past performance to predict future price of the banks’ shares traded on the stock exchanged. The management of the bank as trustee of the shareholders is evaluated and compensated on the basis of how well their decisions and planning have contributed to growth in assets and profits of their banks. Employees of bank also are concerned with profits, since their salaries and promotions are frequently tied to the profitability performance of their banks. Depositors use bank performance and profitability as indicators of security for their deposits in the banks. Finally, business community and general public are concerned about their banks’ performance to the extent that their economic prosperity is linked to the success or failure of their banks.