the disdantages are that read it yourself
examples of branch banking
Branch banking is disadvantageous because of the fact that, a banks customer can only visit that particular branch where he/she opened their bank account. Even if there is a branch of the same bank near to them or they relocate to another locality in the same city that has a branch of that bank, the would be unable to use the facilities of the branch because, the new branch cannot access their details that are available only at their parent branch.
This is the traditional form of banking where all the banking services are provided over the counter in the branch itself.
The disadvantages of electronic banking are that there may be security concerns when banking online. There also is less customer service if you encounter a problem with your account.
no
branch name
1. It discourages the initiative of branches as branch managers have limited powers and most of the time they want for the clearance from regional offices or head offices. 2. Branch banking encourages monopolistic conditions in the banking because a few big banks control the banking business over the entire length and breadthe of the country.
For convenience.
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Core Banking Services
Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
Swift code is 236 of sumitomo mitsui banking corporation omori branch