Banking sector essay

The bank can have an insight that what is the root cause of the problem and what steps can be taken to resolve the issues based on research. The objectives of this study are: • Understanding the working and managerial processes of the organization by analyzing its management functions. • To identify the unfair practices used at the bank.

Merit or seniority should be considered the basis for promotion not personal contacts and approach. Seniority has to be regarded and the job profile must include areas that are under the person’s capability. At the same time, rewarding an employee for his exponential talent or hard work is extremely necessary.

A bank is known as a financial institution that deals with money and credit. It accepts the deposits from individuals, firm and different companies at a lower rate of interest and gives at a higher rate of interest to those individuals, firm and companies who need them. A bank thus is a profit earning institution.

The Banking and Financial services sector in Pakistan comprises the commercial banks and the non-banking financial institutions, while also including the development finance institutions (DFIs), modarabas (Islamic Mutual Funds) ,leasing companies and investment banks.