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Similarly, with movie streaming sites like Netflix, Hulu, and Amazon, fewer people are purchasing movies. "Bank is a financial institution or organization registered by the state government whose main function is to receive deposits (time or demand deposits) and pay interest on them or makes loans or invests the money in market.In 1990’s greater emphasis was placed on technology & innovation.
This may had been to un-stablize Pakistan as many Indian banks intentionally did this.
Only few banks were left in Pakistan and those too were trying to wind up their businesses.
It is obvious that such shifts would have positive effects on the banking sector of Pakistan as it required advance and efficient practices. Askari will strive to maximize the value of its shares.
(Patti and Hardy, 2003) Interest free banking was also introduced in the banking sector also known as Islamic banking. The enhancement in its return and capital will be ongoing process.
INNOVATIONS IN INDIAN BANKING SECTOR TYPES OF INNOVATIVE BANKING 1.
E-BANKING Enables people to carry out most of their banking transactions using a safe website which is RTGS It stands for Real time gross settlement system It is a fund transfer mechanism where transfer of money takes place from one bank to another on a real time· and on gross basis·.
The Future Music Industry: Listeners, but No Music With the continuation of music and movie streaming, the future of the music industry is in danger.
With music media like Spotify, Pandora, and Youtube, fewer people are buying albums and songs.
INNOVATIONS IN BANKING SECTOR INTRODUCTION The term innovation means”to make something new”.
Banks no longer restricted themselves to traditional banking activities but explored newer avenues to increase business and capture new market.