One of the disadvantages of universal banking is the offering of a large number of products that follow different sets rules and regulations. Since this is done by large banks, it may affect the banking system when it fails. Universal banking may also lead to monopoly and harm the economy of a country.
Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
Acitivity of a bank, besides conducting core banking activities, also undertakes marketing other financial instruments issued by other entities, then such banking activity is known as universal banking.
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The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.
how is universal banking system operted/
What is the impact of universal banking on nigeria economy
Yes, Universal banking is commercial banking itself. However, Universal bank does more than a commercial bank. Universal Bank are what we call the "expanded commercial bank" (EK). Commercial banks are limited to allied banking only whereas a universal bank does allied and non-allied banking transactions.
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.
Acitivity of a bank, besides conducting core banking activities, also undertakes marketing other financial instruments issued by other entities, then such banking activity is known as universal banking.
no
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defend the empire
The function of universal banking include provision of a wide variety of financial services. It also includes both commercial and investment services.
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in the third millennum BC