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Here culture, Religion and the Place of Business is relevant.Whether it is in Banking or in any other type of institutions the beliefs, concepts,local practices including political, principles based on following religious practices are observed: in policies and decisions, behavior, management styles, or even in memberships and participation.These are all observed for the overall welfare of the society, harmony and for the social up -lifting of them to the main stream though with certain minus aspects when viewed from other angles.At present the changes are welcoming as all are very much interested to adapt and people from different cultural regions with higher flexibility.
Reference to Banks: The practice of not accepting interest is observed in many places on account of fundamental beliefs and it is facilitated in many parts of the world. The practice of not accepting interest is also observed by banks in the regions the principles are observed. When there are ways and means this is something novel for the welfare of the society where the system is operative.
