Dear students, get fully solved assignments by professionals
Do send your query at :
help.mbaassignments@gmail.com
or call us at : 08263069601
(Plagiarism proofed assignments available with 100% surety and refund)
NMIMS Global Access
Course: Retail Banking
Internal Assignment Applicable for December 2023 Examination
Assignment Marks: 30
Q1. Retail bank has different distribution channels to facilitate customers and give him different options to use banking services. This choice helps the customer to choose the channel he deems fit at that point of time. Explain the different channels and also explain why banks are discouraging customers to visit branch for financial transactions. (10 marks)
Answer: Retail banks offer various distribution channels to provide customers with flexibility and convenience in accessing banking services. These channels are designed to accommodate different customer preferences and needs. However, banks have been encouraging customers to reduce branch visits for various reasons, including cost savings and efficiency improvements. Here’s an explanation of different distribution channels and the reasons for discouraging branch visits:
1. Physical Branches:
Q2. Credit appraisal is an important step in doing financial due diligence. If this action is not carried out properly it may result in bad loan and subsequent NPA. Explain the basic lending principles and the role of credit scoring and CIBIL score. (10 marks)
Answer: Credit appraisal is a crucial step in the lending process for financial institutions, as it helps determine the creditworthiness of borrowers. When not carried out properly, it can lead to bad loans and non-performing assets (NPAs), negatively impacting the financial health of banks and financial institutions. Here are the basic
Q3. Today we are in era of e-banking/digital banking. Brick and mortar banking is virtually coming to an end. Technology has deeply pervaded banks and is playing an important role in increasing performance, accuracy and speed. Discuss the importance of the following in digital banking:
a) Artificial intelligence (5 marks)
Answer: Digital banking has indeed transformed the financial sector, making banking services more convenient, efficient, and accessible. Two important aspects of digital banking are Artificial Intelligence (AI) and Multifactor Authentication (MFA), each playing a significant role in ensuring the security and efficiency of digital banking
Dear students, get fully solved assignments by professionals
Do send your query at :
help.mbaassignments@gmail.com
or call us at : 08263069601
(Plagiarism proofed assignments available with 100% surety and refund)