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CHALLENGES AND OPPORTUNITIES IN THE BANKING SECTOR.

CHALLENGERS IN THE BANKING SECTOR



  • Foreign bank competition (provide differential services to the customers) Slow down the economic growth.
  • Disruptive technological environment.
  • Government un-stability. Then people do not take loans and do not invest money (Changing tax policies, new rules and regulations).
  • Lack of skills and it is difficult to retain employees.
  • Not capture in real areas.
  • High transaction cost (relatively higher the interest rate of loans).



OPPORTUNITIES IN THE BANKING SECTOR.

  • Provide innovative product (with new features and facilities).
  • Door to door product (go to customer and give awareness about their product).
  • High professional approaches (have more skill and qualified people).
  • Provide customize and online cyber services.
  • Non-performing advanced management.
  • Loans and other assets are re-structuring (loans – vehicle loans, housing loans likewise).
  • Changing the lending process (change a process of providing loans. It may be reduce the days)
  • Total quality management (provide products that banks have promised to the customers).



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