How bank plays important role in socity
Answers
Answer:
PLS M@RK @S BRAINLI€ST
Explanation:
Role of Banks in 21st century: The banks are now not confined to local banking. They are fast changing into global banking i.e., understanding the global customer, using latest information technology, competing in the open market with high technology system, changing from domestic banking to investment banking etc. The banks are now considered the nerve system of all economic development in the country.
The principal types of virtual banking services include automated teller machines (ATM’s), Point of Sale terminals (PoS terminals), mobile banking and most recently internet banking or e-banking. With the increasing use of internet banking there is greater reliance now on information technology and the decrease of physical bank branches to deliver the banking services to the customer.
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bank play fundamental role in society by acting as an intermediary providing,and advising on,a wide range of financing and saving solutions and payment services for all type of customers. SEB operation impact and is impacted by customers, shareholders, employees and society.
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