Managerial Economics and Its Application in Banking Sector a Case of Nmb

Money Market Account: There is facility for check card with free ATM transaction but there is limit for six withdrawals per month.

It provide facilities of cash on delivery, credit card, debit card transaction, net banking, and gift voucher and card swipes on delivery.

Can hold deposits of upto Rs. 1 lakh and have to pay interest on it (like savings account)

Shall be able to accept payment from all reputed bank transfer facilities for customer flexibility.

deposit to satisfy the Minimum Balance Requirement. Once the savings is opened and funded, the

More than 14 foreign remittance services are available in MCB bank and strong plans for banca insurance )

Kotak Mahindra Bank ltd. is an Indian bank and financial service firm which was established in 1985. Earlier, it was known as Kotak Mahindra Finance Limited, a NBFC(non-banking financial company). In feburary 2003, the Reserve bank of India gave license to Kotak Mahindra Finance ltd. to carry our baking business in the country and in the history of Indian Banking, it is the first company that is being converted into bank. As so September 2014, the bank has consolidated balance sheet of US $3.3 billion and has over 500 branches and more than 1000 ATM’s across the country.

(Federal Financial Institutions Examination Council,2003). The usual E-banking services provided by banks are account management; bill payment and presentment; new account opening; consumer wire transfers; investment/brokerage services; loan application and approval; account aggregation; cash management ; small business loan applications, approvals, or advances; commercial wire transfers; business-to-business payments; employee benefits/pension administration etc. Online banking or E-banking has spread around the world and has become common these days. In general, banking services have changed over the past three decades to meet the consumers’ needs (McKinsey & Company, 2012); at that time, when the consumer needed money for purchases or to make a transaction, he needed to go to the bank by himself during the bank hours and perhaps waited in a long line to meet a human teller to implement his transaction. Nowadays, due to the E-channels that surfaced with the development of technology and the Internet, the processes of banking have changed. The consumer can make a transaction from one account to another while sitting in his couch anytime and anywhere.

Newbie’s get a £10 free bonus, and no deposit is required. When they go on to make a first time deposit they get 500% bonus, on second deposit it’s 350% and on the third deposit they get 300% bonus.

The issue is whether or not the BNA bank (BNA) can validly impose “inactivity fees” and “expiration dates” in conjunction with issuance of the gift card for the Maxus Mall (MM).

money market account. When I deposit a check, it is the bank's responsibility to add the specified

However, these individuals can also transfer these funds into their checking accounts when needed which causes a smaller M1 amount.

. Mobile services not only offer a new, convenient channel for existing customers of banks, the technology will also provide access to 3 Bnstrong global unbanked population

accounts to obtain cash money or check available funds, etc. ATMs are available in banks and in facilities

Service in this fragment ought to be separated as there are loads of other comparable services offered by different banks; in any case, the service of Barclays regularly stands distinctively to the requirements of the client. In addition, advancing the services will be exceptionally troublesome so the bank ought to utilise different method for advancement such as TV; daily papers, radios, and so forth as they will cover huge are in less time (Huang & Sarigöllü, 2012). Besides, at the second section costs of the product can be kept high as they are targeting the general population with high income. Moreover, this sort of corner section direct selling would be fitting as the business sector is little and not