In our current society banks are the most important and busy place. And we can see that all classes of people will be have some kind of dealings with these banks. Earlier days the use of banks were very low and high class people and rich people only had transactions and dealings with banks. But these days this situations have changed and most of the people including middle class and low class people also obtain the bank services and transactions. Also the current situation is, there are so many bank in our society and there is a big competition between these banks in order to impress their customers. Generally when we are saying banks, it means a place where people do their money transactions. But these days banks are totally developed and they do so many services and facilities to attract their customers and also to compete with their co-banks. Also it is important to mention that the technological development also have a big impact on this bank services.
Generally when we go to bank we can deposits money or withdraw money and we can do cheques transactions through banks. But these days banks are well aware of the people needs and they arrange all the services and facilities in order to fulfill and satisfy the customers. For example, they have loan facilities, long term car leasing, locker facilities, pawning services, leasing services and international money dealings etc. on the one hand the banks satisfy their customers and on the other hand they to compete with their competing banks also.
Moreover, these days the bank’s ultimate goals to impress the corporate sectors because there are so many corporate sectors which have big level of money dealings with this banks. And these banks have to ensure that these corporate sectors must choose their banks among all the competing banks. For that our banks provide some specialized services for this sectors. They provide, special interest rates for these sectors, corporate car leasing in Singapore, special credit cards and debit card services, corporate loan services and other insurances services etc. By providing best services than the other competing banks, they can impress their customers and corporate sectors easily.
These days the banks are also considered as businesses because they use high level techniques and tools to be stable in this competing society as other businesses usually do. And it is important to mention that by this special services by banks, people are also getting so many benefits.