negative effects of bank in india
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Answer:
Operating expenses.
Move to offices at certain times.
Slow processes.
High commissions.
Low stimulus to savings.
Lack of permanent ATM network.
Limitations in online or virtual banking.
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Banks are the most important financial institutions in India.
Explanation:
- Even though banks are the most important financial institution in India, they do have some negative effects.
- Banks have a very complex system of functioning which is not understandable to a layman. Due to this, many people avoid visiting banks and procuring their services.
- The number of banks in India is less than the number of potential customers. Due to this there is heavy crowding and corruption in banks in India.
- The infrastructure of banks in rural areas is shambling due to which they do not perform the functions and are unable to provide the best services to the customers.
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