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1.Surplus employees: The defect of the system is that some of the workers are declared surplus. There is an increase in the rate of unemployment. The unemployed workers commit crimes in this society.
2. No of branches in rural areas: The private bank owners do not like to setup there branches in rural areas. The banking facilities remain confined to cities where sufficient deposits are available. A large part of population will be deprived of banking facilities.
3. Unbalanced growth: The management of privatized banks provides credit in specific areas and people. As a result, there is unbalanced growth in the country; especially rural areas may remains under developed where credit facilities do not exist.
4. Jobs for relatives: The management of privatized banks may provide jobs to their friends and relatives. The deserving persons are ignored.
5. Loans for few persons: The management of privatized bank can extend loans of their favored persons. In this way only few persons are benefited.
6. Owners association: The aim of privatized banks is to earn profit. For these purpose owners associations are made which enter into agreement of earning high profit. The bank can increase the rate of service charges. Such associations may not care for customer's welfare.
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What does the international banking system consist of?
A decentralized set of central and private banks
What are the sources of the supply?
1. Bank Credit to Government 2 Advances to Private Commercial Sector3.Foreign exchange assets (net) of Banking Sectorless Non-monetary liabilities.
What are the sources of money supply?
1. Bank Credit to Government 2 Advances to Private Commercial Sector3.Foreign exchange assets (net) of Banking Sectorless Non-monetary liabilities.
What are some socio-cultural trends in banking sector?
the increasing trend of mobile banking (iphone app banking)
What are the disadvantages of private sector?
1. less job security 2. high pressure environment 3.workers's rights are infringed upon 4. fewer benefits
How is system design of private banking Who is system design of private banking What is system design of private banking Why is system design of private banking?
he closed all banks and only reopened those with enough money
What is the difference between private banking and non-private banking?
"There are many differences between private banking and non-private banking. The differences are as follows: number of directors, issue of prospectus, consent of directors, and the transferability of shares."
What are disadvantages of electronic banking?
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.
What are the products of private banking?
The products of private banking innovative banking products and lending solutions,services to help you manage your money.
When was Santander Private Banking - Jersey - created?
Santander Private Banking - Jersey - was created in 2011.
What are the disadvantages to cord blood banking?
One disadvantage of cord blood banking is the cost. Some private banks will charge about $595 up to $1835. This also includes a $95 annual storage fees. I hope this helps! :)
What are the advantages and disadvantages of green BANKING?
no
Is private banking safer than regular banking?
"Regular banking is safer than private banking. In most cases, regular banking agencies will provide as much assistance as they can provide in the case of disaster."
Advantages and disadvantages of banking sector?
n
What is the difference between corporate banking and private banking?
Corporate banking is the handling of money between banks and companies. Private banking is where individuals deal directly with banks, engaging in activities such as ATM withdrawals and borrowing loans.
What are the disadvantages of branch banking?
the disdantages are that read it yourself
What are the disadvantages of rural banking?
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.
