Electronic Banking in Nigeria: Problems and Prospectsks in Nigeria

Managing Challenges in Banking Industry By: Dr. Sudhindra Bhat MBA, MFM, ACS, M.Phil, PGDS&MM, PGDIR&PM, PhD** Management Faculty, advisor and Corporate Trainer Acharya Institute of Management and Sciences 1st Cross, 1st stage, Peenya industrial Area, Bangalore-560 058 E-mail: bhatt1978@yahoo.com   Financial System is the most important institutional and functional vehicle for stinting transformation of any country. Banking celestial sphere is reckoned as a hub and barometer of the financial system. As a towboat of the economy, this sector plays a predominant role in the economic development of the country. The geographical pervasiveness of the bank coupled with the range and wisdom of their run make the system an indispensable medium in every day transactions. The virtual monopoly of banks in `Payment mechanics touches the lives of millions of people every day and every where. Thus the banking sector has been playing a significant role as proceeds facilitator. The changing paradigm of Banking Change is the only constant agentive role in this dynamic world and banking is not an exception.

The changes staring in the face of bankers relates to the fundamental expression of banking-which is undergoing rapid transformation in the world of today, in response to the forces of completion productivity and dexterity of operations, reduced operating margins better asset/liability management, essay management, any time and any where banking. The major challenge face by banks today is to protect the falling margins due to the collision of competition. Another significant impact of banks today is the technology issue. thither is an imperative need for not mere technology up gradation but also its integration with the general way of functioning of banks to give them an edge in respect of services provided to optimizing the use of funds and building up MIS for decision reservation and better management of assets and liabilities and risk assumed which in turns sacrifice a direct impact on the balance... If you want to father a full essay, order it on our website: Orderessay

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