Abstract:
As important as banks are to the economy as a whole and to local communities there is
much confusions about exactly what a bank is . Currently banks can be identified by the
functions (services or role) they perform in economy. The problem that not only as the
functions of their principles competitors are changing as well Banking is an essential
industry. This industry .composed of thousands of firms worldwide, literally affects the
welfare of every other industry and the economy as a whole.
To day banking industry is an industry in change, Rather than being something in
particular , it is continuously becoming something new offering services, merging and
consolidating in to much large and more complex business, adopting new tehnologies
that seem so change faster most of us can comprehended and facing and changing set
of rules as more and more nations cooperate to regulate and supervise the banks that
serve their citizens. Banking is one of the most heavily regulated businesses in world. .
No one can start bank without Government permission to s do so and no one can close a
bank with out the Government approval. Banking is also changing as place to find a job.
Despite Banking' is transaction and turn oil, it requires special personal traits that not
every one processes. Among the most important these are honesty , reliability and
willingness to always be open to new ideas and new ways of meeting customers needs
.Bankers can never stop learning because their industry is becoming something new
every day and their customers expect them to be ahead of the curve financially speaking ,
no matter how fast things happen to be changing .
In united Banking Limited faces many pressures from changing regulations, identifying
competition from non-bank financial service firms, the spreading internalalization of
banking market s and continuing innovations in technology and automation . Equally
important future of bank, however is powerful economic and social trends affecting
banking customers base.
