it is just something check yourselfs.pptx

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1. GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR HARYANA SCHOOL OF BUSINESS MANAGEMENT OF BANK & FINANCIAL INSTITUTION Presentation On ‘CURRENT ISSUE AND FUTURE CHALLENGES IN MANAGEMENT OF BANK & FINANCIAL INSTITUTION ’ Presented To- Mohini Mam Presented By- Ansh Raheja MBA (Gen) 2 nd year 230101010063

2. Challenge of Non- Performing Assets An asset is a non-performing one when the borrower of the asset fails to pay the undue amount to the lender over certain tenure. Non-Performing Assets (NPAs) can be a significant challenge for banks, and can impact the economy and financial stability   Reduced profitability   Limited lending capacity   Financial instability Account holder trust Saving deposit interest rate decreases

3. Corruption and Fraud in Banks in Loan and Advances Corruption and fraud in the of loans and advances in banks are particularly concerning because they can lead to substantial financial instability, damage public trust, and cause systemic risk within the financial sector . Fraudulent Loan Approvals Fake or Ghost Borrowers Overvalued Collateral Undocumented Loans Bribery for Loan Sanctioning Favoritism

4. DIGITAL BANKING IS A CHALLENGE FOR BANKING INDUSTRY Digital banking presents several challenges for the traditional banking industry. Here are the key challenges that digital banking brings Huge Cost of Building & Maintaining Digital Platforms Increased Risk of Cyberattacks Data Breaches Customer Satisfaction

5. Financial inclusion initiatives like Pradhan Mantri Jan Dhan Yojana (PMJDY), Atal Pension Yojana (APY ), etc a challenge Financial inclusion present a variety of challenges for the banking industry. Here’s a breakdown of how these financial inclusion schemes create challenges : Operational and Administrative Costs Low-Profit Margins High Setup Costs Ongoing Administrative Expenses Financial Literacy and Awareness

6. Compliance and Regulatory Burden Regulatory Requirements Social Obligation vs. Profitability Cash Transactions Over Digital Managing human resources Talent acquisition and retention is a significant challenge for banks due to the high demand for specialized skills in the financial sector, intense competition from other banks and tech companies, rapid technological advancements requiring constant upskilling, and a need to balance cost-effectiveness with attracting top talent, often leading to high turnover rates and difficulty finding qualified candidates to fill critical roles. 

7. Focus on Customer R elation Management Yes, focusing on Customer Relationship Management (CRM) can be a significant challenge for banks due to factors like the sensitive nature of financial data, complex customer needs, legacy systems, stringent regulations, and the need to balance personalized service with cost-efficiency, making it difficult to effectively manage and maintain strong customer relationships across all touchpoints. Fintech competition poses significant challenges to traditional banks and financial institutions, as fintech companies are redefining the financial landscape with innovative, customer-centric solutions. Here are some key ways fintech competition challenges banks and financial institutions: Fintech Competition

8. Key ways Fintech companies challenge banks:    Improved User Experience: Fintech companies prioritize user-friendly interfaces and seamless digital experiences, often surpassing the traditional banking platforms that can feel outdated.  Faster Transactions: Fintech solutions often enable near-instantaneous transactions, like mobile payments, while banks may have slower processing times.  Lower Fees: Fintech companies can offer lower fees due to their streamlined operations and reduced overhead costs compared to traditional banks.    Reaching Underserved Markets: Fintech companies can easily access and serve customers in geographically remote areas or those previously excluded from traditional banking systems. 

9. Thank You