Chapter 4 Banker and Customer Relationship.

In a banker-customer relationship, one of the roles of banker is to act as the trustee for customers. A bank is a place for customers to keep their properties especially cash in order to secure the safety of the properties, hence it is the responsibility of bank to ensure the security of these properties.

Chapter 4 Banker and Customer Relationship 4.1 Introduction Before we take up relationship that exists between a banker and his customer, let us understand the definitions of the term banker and customer. The definition of the business of banking and a large number of activities permissible for banks are given in the Banking Regulation Act.


Essay On Banker Customer Relationship

The relationship between a banker and a customer is as follows: 1.Contractual Relationship: The contract takes place the moment an account is opened by a customer with a bank and this contract remains valid till the customer operates his account as per the terms and conditions agreed between them.2.

Essay On Banker Customer Relationship

Law Essays - Without taking full account of the consequences for the banker, customer relationship Critically discuss how the principles of confidentiality has developed the potential aspect on.

Essay On Banker Customer Relationship

The Importance of Customer Relationship and Sales in the Banking Sector. will thrive and prosper into the future, this paper examines the importance of good implementation of customer relationship management in retail banking, and how it can deliver increased revenues and cost savings that will drive profitability and shareholder value while dealing with ongoing changes in this sector (Genesys.

 

Essay On Banker Customer Relationship

When a customer does business with a bank they have both entered a legal binding contract in which the bank holds the customer’s funds and agrees to offer loans and other lending services, which is also known as money creation. Therefore, the relationship between the customer and the banker is vital.

Essay On Banker Customer Relationship

The banker-customer relationship is that of a: Debtor and Creditor, Pledger and Pledgee, Licensor and Licensee, Bailor and Bailee, Hypothecator and Hypothecatee, Trustee and Beneficiary, Agent and Principal, Advisor and Client, and; Other miscellaneous relationships. Discussed below are important banker-customer relationships. 1.

Essay On Banker Customer Relationship

There are various forms of Banker Customer relationship depending upon the services availed by the customer from bank. Like Debtor-Creditor, Agent-Principal, Licensor(Lessor)-Licensee (Lessee), Bailor-Bailee, Trustee-Beneficiary, Pledger-Pledgee, Assignor-Assignee, Hypothecation-Hypothecatee are various forms of relationships between banker and customer.

Essay On Banker Customer Relationship

T he opening of an account with a banker, and the banker's acceptance for such opening of account gives rise to a 'contractual relationship'. The relationship between the banker and customer is, generally, like a 'Commercial Transaction'.The relationship between a banker and a customer is the foundation on which mutual duties, liabilities and privileges are being built.

 

Essay On Banker Customer Relationship

Banker Customer Relationship. Different Types of Bankers Customer Relationship exits in banking system. Relationship between banker and customer.

Essay On Banker Customer Relationship

Essay on banker customer relationship get someone to write your essay for you help with writing a speech for a wedding i need to write an essay about myself. Posted by on May 18, 2015 in Uncategorized. your life blog. On analysis of general relationship management which most important in nigeria as it is customer is what the american academy.

Essay On Banker Customer Relationship

Therefore, the relationship between the customer and the banker is vital. The relationship starts right from the moment an account is opened and entails an agreement of a contract right up the closure of the account. The nature of the relationship depends upon the state of the customer’s account.

Essay On Banker Customer Relationship

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Chapter 4 Banker and Customer Relationship.

RELATIONSHIP: The relationship between a banker and customer depends upon the type of service rendered by the banker. The primary relationship between a banker and customer is legal based on contract as per Contract Act, 1872. However, the most valued relationship for the banking business is the behavioral relationship. LEGAL RELATIONSHIP.

Relationship Banker Resume. Summary: Dedicated to achieving customer satisfaction as well as meeting or surpassing company expectations.Able to focus on projects, develop strategies and meet or exceed deadlines. Strong rapport with personnel, customers, and associates based on knowledge, professionalism, and integrity.

Banker-customer relationship is thus a contractual relationship, where one person (called customer) entrusts valuable items, like money, jewelry, important and valuable documents, etc., to another.

The relationship between a banker and a customer depends on the activities; products or services provided by bank to its customers or availed by the customer. Thus the relationship between a banker and customer is the transactional relationship. Bank’s business depends much on the strong bondage with the customer.

Banker’s relationship with the customer is reversed as soon as the customer’s account is overdrawn. Banker becomes creditor of the customer who has taken a loan from the banker and continues in that capacity till the loan is repaid. As the loans and advances granted by a banker are usually secured by the tangible assets of the borrower, the.

There exist a definite relationship between banker and customer.They resemble the different sides of a coin. The entire business of the banking rests on harmonious relationship and mutual trust between theses two parties. The relation ship between.

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