Introduction - Main Challenges of Banking Sector
The balance of depositing collection and security of the people and the savings of the people. For the customers to enable and sustain themselves in the current competitive financial market, the bank should identify new new financial services. Which will increase the credit, efficiency, and efficiency of the bank.
The major challenges of banking sector are as follows:
- Increase in number of quantities
- Political intervention
- Political instability
- Strangers
- Saving habits
- Deception
- Lack of skilled manpower
- Increase in bankruptcy
- Lack of advanced technology
- City centered financial system
- Unhealthy competition
- Economic growth is low
- Banking shortage
- Status of foreign assistance
- Lack of investment in generator market
- Traditional investment tradition
- The rapid change in technology and the timing of failure can not be done
- Lack of professional and business management
- Negative capitalism
- Exempt debt
- Weak supervision
- Weak monitoring and control
- Lack of search and research
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