Answer to Question #200336 in Management for Peter Masih

Question

“Bank Conventional Limited” is a well-established traditional Retail Bank operating in 

India and is almost a 75-year-old Bank. It relied very heavily on its strength of physical 

distribution of about 1000 branches across in the country. Over the last 10 years this 

Bank did not invest much on Technology. On the other hand, a new generation bank

called “Bank Modern Limited” has always been tech savvy with substantial investment 

every year on new technology etc., This Bank was started in 2010 and currently has a 

branch network of 100 Branches only. 

a. Analyze the various challenges that ‘Bank Conventional Limited’ will be facing today 

across multiple operational and business parameters (5 Marks)

b. Analyze the various benefits that ‘Bank Modern Limited’ enjoy today across multiple 

operational and business parameters

Answer 1

(a) Bank of Conventional limited being a retail bank regulates money by keeping it safe to their customers. The use the cash to give loans to individuals and industries gaining interest. The bank conventional limited is a classic kind of banking that will need to upgrade its systems to meet the demands of today's automated world. These banks require modern technology in their systems to ensure that money flows in and out of their systems are well-accounted for and that there is a low chance of system failure. People would tend to select the finest bank that will keep their money secure at all times as technology advances and assures the smooth running of operations and offers security.

(b) Bank Modern Limited has improved across a number of operational and business aspects, resulting in banking that is as quick and efficient as before. Operations and processes are completed in a shorter amount of time, and they are easier to manage and recover. Many individuals prefer contemporary banking to conventional banking since operations are completed in a short amount of time, and one can track their transaction history or bank balance from the comfort of their mobile devices. Central banking uses computerized banking to carry out its operations.