Ideal banking concept and characteristics

Authors

  • P.S. Aithal Dept. of Management, Srinivas Institute of Management Studies, Mangalore-575 001, India

Keywords:

banking innovations, characteristics of ideal bank, ideal banking system, mobile banking, ubiquitous banking

Abstract

A bank is a financial intermediary and creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed directly by loaning or indirectly through capital markets. After the advent of technology and its penetration to all business fields, the responsibility of banks is enhanced to provide better, speedy, and ubiquitous service to the customers so that it can create more money and hence profit. Banks are formulating various strategies in order to attract more deposits and lend it to genuine customers to get a better return and hence make more profit. Based on such objective of a general banking system, the ideal concept of the banking system is developed. The ideal bank is a system with ideal banking characters. In this paper, a model of the ideal banking system is proposed by considering the ideal characteristics expected under input conditions, output conditions, system requirements, and environmental conditions. The factors affecting these characteristics are identified using a qualitative data collection instrument namely focus group method.

Downloads

Download data is not yet available.

References

Acharya, S., & Aithal, P. S. (2016). Concepts of Ideal Electric Energy System for production, distribution and utilization.

Aithal, P. S. (2015). Biometric Authenticated Security Solution to Online Financial Transactions.

Aithal, P. S. (2015). Concept of Ideal Business & Its Realization Using E-Business Model.

Aithal, P. S. (2015). Factors Affecting Banker’s Perspective on Mobile Banking.

Aithal, P. S. (2015). Mobile Business as an Optimum Model for Ideal Business.

Aithal, P. S. (2015). Recommendations on Policy & Regulatory Guidelines For Mobile Banking in India.

Aithal, P. S. (2016). A Review on Opportunities and Challenges for Mobile Business Activities in India.

Aithal, P. S. (2016). A Review on various E-business and M-business models & Research Opportunities.

Aithal, P. S. (2016). Realization of Ideal Banking Concept using Ubiquitous Banking.

Aithal, P. S. (2016). Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems.

Aithal, P. S. (2016). The concept of Ideal Strategy and its realization using White Ocean Mixed Strategy.

Aithal, P. S., & Aithal, S. (2014). Ideal education system and its realization through online education model using mobile devices. In Proceedings of IISRO Multi Conference (pp. 140-146).

Aithal, P. S., & Aithal, S. (2015). A Review on Anticipated Breakthrough Technologies of 21st Century.

Aithal, P. S., & Aithal, S. (2015). An Innovative Education Model to realize Ideal Education System.

Aithal, P. S., & Aithal, S. (2015). Ideal Technology Concept & its Realization Opportunity using Nanotechnology.

Aithal, P. S., & Pai, T. (2016). Concept of Ideal Software and its Realization Scenarios.

Aithal, P. S., & Varambally, K. V. M. (2006). Security Issues in Online Financial Transactions with Special Reference to Banking Industry. Quality in Service Sector and Managerial Challenges–Allied Publisher Pvt. Ltd, 103-114.

Aithal, P. S., & Varambally, K. V. M. (2015). Customer Perspective on Online Mobile Banking in India-An Empirical Study.

Choi, N., & Majumdar, S. (2014). Social entrepreneurship as an essentially contested concept: Opening a new avenue for systematic future research. Journal of business venturing, 29(3), 363-376.

Floh, A., & Treiblmaier, H. (2006). What keeps the e-banking customer loyal? A multigroup analysis of the moderating role of consumer characteristics on e-loyalty in the financial service industry.

Irechukwu, G. (2000). Enhancing the performance of banking operations through appropriate information technology. Information technology in Nigerian banking industry, spectrum books, Ibadan, 63-78.

Krishna Prasad, K., & Aithal, P. S. (2015). Massive Growth of Banking Technology with the Aid of 5G Technologies.

Laudon, K. C., & Laudon, J. P. (2000). Management Information Systems: Organization and Technology in the Network. Prentice Hall.

Mols, N. P. (2001). Organizing for the effective introduction of new distribution channels in retail banking. European Journal of Marketing, 35(5/6), 661-686.

Mols, N. P., Nikolaj D. Bukh, P., & Flohr Nielsen, J. (1999). Distribution channel strategies in Danish retail banking. International Journal of Retail & Distribution Management, 27(1), 37-47.

Morgan, R. M., & Hunt, S. D. (1994). The commitment-trust theory of relationship marketing. The journal of marketing, 20-38.

Morrison, P. D., & Roberts, J. H. (1998). Matching electronic distribution channels to product characteristics: the role of congruence in consideration set formation. Journal of Business Research, 41(3), 223-229.

Oliveira, T., Faria, M., Thomas, M. A., & Popovič, A. (2014). Extending the understanding of mobile banking adoption: When UTAUT meets TTF and ITM. International Journal of Information Management, 34(5), 689-703.

Rogers, E. M. (1995). The Diffusion of Innovation (The Free Press, New York).

Sreelatha, T., & Sekhar, C. (2012). Role of technology in Indian banking sector. International Journal of Management and Business Studies, 2, 36-40.

Varambally, K. V. M., & Aithal, P. S. (2009). Mobile Business Technology and Business Proliferation of Banks–A futuristic Approach.

Woods, E. J., Perry, B. C., Hockema, J. J., Larson, L., Zhou, D., & Goebel, W. S. (2009). Optimized cryopreservation method for human dental pulp-derived stem cells and their tissues of origin for banking and clinical use. Cryobiology, 59(2), 150-157.

Wu, H. Y., Tzeng, G. H., & Chen, Y. H. (2009). A fuzzy MCDM approach for evaluating banking performance based on Balanced Scorecard. Expert Systems with Applications, 36(6), 10135-10147.

Yang, H., Wei, Z., & Chengzhi, L. (2009). Optimal design and techno-economic analysis of a hybrid solar–wind power generation system. Applied Energy, 86(2), 163-169.

Yu, G. J., Jung, Y. S., Choi, J. Y., & Kim, G. S. (2004). A novel two-mode MPPT control algorithm based on comparative study of existing algorithms. Solar Energy, 76(4), 455-463.

Published

2016-11-30

How to Cite

Aithal, P. (2016). Ideal banking concept and characteristics. International Research Journal of Management, IT and Social Sciences, 3(11), 53–63. Retrieved from https://sloap.org/journals/index.php/irjmis/article/view/425

Issue

Section

Peer Review Articles