Draw-backs of Retail Banking
Despite the numerous advantage of Retail Banking there are some
drew-Backs in this business.
These are as under:
a. Management of large number of clients may become a problem if IT systems are not robust.
b. Rapid evolution of products can lead to IT complications.
c. The cost of maintaining large number of small value transactions in branc networks will be relatively high, unless the customers use alternate delivery channels like ATMs, internet and phone banking etc. for carrying out banking transactions.
Despite the numerous advantage of Retail Banking there are some
drew-Backs in this business.
These are as under:
a. Management of large number of clients may become a problem if IT systems are not robust.
b. Rapid evolution of products can lead to IT complications.
c. The cost of maintaining large number of small value transactions in branc networks will be relatively high, unless the customers use alternate delivery channels like ATMs, internet and phone banking etc. for carrying out banking transactions.