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Online banking easy
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SWOT ANALYSIS
STRENGTHS
NATIONAL BANK “THE NATION’S BANK:
NBP is government owned bank that is why Pakistani Nation has a trust on a bank that their deposits are secured. Due to this reason the deposits of the banks are increasing with the passage of time.
AGENT OF STATE BANK OF PAKISTAN:
National Bank of Pakistan also works as an agent of state bank of Pakistan in those cities where SBP branches are not working.
AGENCY ARRANGEMENTS:
National Bank of Pakistan is enjoying a deposit of different Pakistan government organization like Railways, PIA, WAPDA, and SUI-GAS due to the agency arrangements.
MORE DEPOSITS THAN OTHER BANKS:
NBP has the relative competence in having more deposits than the other banks in the country because of the confidence
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BROAD NETWORK:
The bank has another competency in the banking industry i.e. it has broad branch network throughout the country also more than one branch in high productive cities. The customers are provided services at their nearest possible place to confirm customer satisfied.
PROFESSIONAL COMPETENCE:
The employees at NBP is also the strength they have a good hold on their descriptions, as they are highly skilled Professionals with background in business administration, banking, economics etc. These professional competencies enable the employees to understand and perform the function and operation in effective and in the efficient way.
COMPREHENSIVE RANGE OF FINANCIAL PRODUTS:
In order to facilitate the customers more efficiently, NBP is offering comprehensive range of financial products to their customers which are as follows:
• Credit Cards
• Foreign exchange Bearer Certificates
• National Bank Daily accounts
• Travellers Cheques
ONLINE BANKING:
This is also the strength of the NBP that 130 branches are online. It helps the bank to provide the fast services to the customers. This can also help in checking the balances and transactions by just a button
After all, from the perspective of a bank, banks that joined the network could advertise that their customers could get access to their money from far more locations than those banks who didn't belong. Yet, the bank would not only not have to pay for tellers; it wouldn't have even have to pay for the cost of building and maintaining most of the extra ATMs from which customers could acce...
test whatever it's a bad effect or not. So when it used on humans, we
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
Buyer Power: Customers have a choice of three other major banks to turn to when they need better service and lower prices.
Bank of Baroda is one of the most prominent banks in India, having its totalassets as Rs. 1, 43,146 Crores as on 31st of March 2007. The bank wasfounded by Maharaja Sayajirao Gaekwad III (also known as ShrimantGopalrao Gaekwad), the then Maharaja of Baroda on 20th of July 1908 witha paid capital of Rs. 10 Lacs. From its introduction in a small building of Baroda, the bank has come a long way to achieve its current position as oneof the most important banks in India. On 19th of July 1969, Bank of Barodawas nationalized by the Government of India along with 13 other commercial banks.
We are proud to announce of becoming one of the most acceptable and appreciated bank not only in Pakistan but throughout the globe. We are here to provide the best we can for our honorable and precious customers nationwide. They are our top priority and the only asset.
For the annual report of EastWest bank for the year2011, they have theme their success as “fast Forward” for the reason that their banking services is and will always be on the go. Their continuous success makes them one of the fastest-growing banks in the country, but to be the preferred bank of its middle-market customers. In the past five years, EastWest has embarked on an aggressive rebirth – from refreshing its brand identity to laying the solid foundation for systems and processes that would ultimately result in better banking experience for clients. To complete their plan for future growth EastWest bank is aiming to take their products and services to the next level to make their goal of becoming a “world-class bank anchored on service excellence” much more visible.
Punjab National Bank is a state-owned commercial bank .They offer banking products, and also operate credit card and debit card business, bullion business, life and non-life insurance business, and gold coins and asset management business. They are recognized as the Bank offering highest levels of customer satisfaction in Delhi and Chennai. The Bank has the largest domestic network of 4997 offices, including 46 extension counters among Nationalized Banks. They has international presence in 9 countries Punjab National Bank was incorporated in the year 1895 at Lahore, undivided India. The Bank has the distinction of being the first Indian bank to have been started solely with Indian capital. Punjab National Bank was nationalised in July 1969 along with 13 other banks. In the year 1986, they acquired Hindustan Commercial, which added Hindustan's 142 branches to the Bank's network. In the year 1993, they acquired New Bank of India which the GOI. During the year 1996, they developed a packaged for corporate customers for fast remittance of funds from different up-country branches. In March 2002, the Bank came out with their first Initial public offer (IPO) for 5,30,60,700 equity shares of Rs 10 each which resulted in the reduction of the government's shareholding in the Bank. The Bank entered into an alliance with New India Assurance for selling their general insurance products. Also, they opened a representative office in London. During the year, PNB Capital Service Ltd was amalgamated with the Bank. In June 2003, the Bank entered into
Banks establish their branches all over the country to maximise their respective market shares in banking. The basic characteristic of branch banking is that the branch operations are controlled by head offices and each branch is regarded as a profit centre. Each branch is regarded as a profit centre instead of a cost centre because each of them has the ability to produce revenue through lending and investment activities.
selling of the bank but also is the function which gets personality and image for bank on its
This paradigm shift in banking operations is well-known as modern banking. For the past two decades, the banking sector has chosen a new service channel based on the progress of information technology-electronic devices to respond to the changes in customer preferences and needs, increasing competition from non-banks, changes in demographic and social trends, and government deregulations of the financial service sector (Byers and Lederer, 2001). This new way of performing banking activities is called modern
If the banks can differentiate themselves by offering more products and make use of growth drivers in India, they can possibly be under spotlight in the near future, with the opening up of Indian financial market. It is optimistic that banking sector in the country will become more and more mature and robust through consolidations and reforms all along.
It can also help client to understand who the clients are with repeat business to organization so that the bank can plan specialized services for them, and their engagement level can be increased with the bank.
Clearing of bank mechanism include collection and payments of cheque, demand draft, payment regulate and dividend warrant etc. it’s a best service offer by the bank. It helps the customers a lot necessary role of commercial bank is to accept deposit and to honor cheque drawn upon them. Typically cheques are used for the payment making to account holder. Collection and payments of instrument are known as outward and inward clearing. During my training in clearing department Mr. Usman help me to improve my learning.
A bank will provide a range of financial services to its customers according to per needs of its varying customers whereas an NBIF provides large loans to large enterprises.