Question

Advantages of Unit Banking

Answer 1

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Advantages of unit banking -

Easier and effective Management - In unit Bank System, the management and supervision of Unit Bank is much easier and effective.

Utility for the local development...

Tackle the local problems ...

fewer chances of fraud ...

No inefficient Banks....

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Answer 2

Answer:

Advantages of The unit banks are explained below:

Explanation:

A) Easy management and control: The management and control of unit banks are much easier and effective due to the small size and operations of the banks.

B) Quick Decision: In this system, there is an on the spot decision making by the bank management because there is no necessity of any consultation and approvals from external authority.

C) Prevention Of Monopoly: Monopolistic tendencies are absent in-unit bankings system. The banking resources are distributed between a large number of small bank's and hence there is no danger of concentration of economic power.

D) The satisfaction of Local needs: Unit bankings being localized banking can serve to fulfil local needs. The banks are aware of the local problems and needs and thus are in a better position to satisfy the local expectations.