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Is bank a status symbol?

Does a bank market itself as a status symbol or as a thing of conveniance to the customers?

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Question added by Subhranshu Ganguly , Quality Analyst. , WIPRO
Date Posted: 2014/03/17
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by Deleted user

Trust is the foundation

The Bank's work

Action sensitive hitched to provide services to customers

When there is trust between the parties

 

Activity flourished Bank

Mohammed Salim Allana
by Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Off course, Bank builds upon reputation and goodwill, which attracts customer confidence to invest or maintain their deposit in safe hands. Also the country's regulatory standards who monitors Banks and Financial institution activities plays a big role to maintain the status of banking industries.

 

However due to several private banks run to bankrupt in US, UK & EU have done huge damage to banking industry. 

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