Paper Topic:

management of innovation and technology

RUNNING HEAD : Innovation and Technology The Effect of recent development in innovation and technology on the profitability and practices of Commercial Banks

Name

Course

Date

Tutor

1 .0 Introduction

Commercial banks have a very important role to play in economic development . These banks are financial institutions that accept deposits , offer business loans and services related to the deposits and the loans . By offering banking services to the customers , commercial banks are able to receive deposits and give loans to businesses (Fraser et al , 2000 . In the contemporary

society , commercial banking is also referred to as business banking .Commercial banks ' primary objective is to generate profits and this has made development that occurs in both domestic and global market to influence the banks ' profitability and management practices . Since the engagement of commercial banks in various activities aim at increasing their profitability , commercial banks need to be highly competitive in the market .To maintain high levels of profitability , the services offered to the customers and the practices undertaken in commercial banks should be satisfactory to the customers

The profitability of commercial banks relies on the overall stability of the economic environment in a given country . A stable economic environment leads to an increase in profitability due to economic growth , sound investment decisions and growth and growth in savings The central bank plays a very important role in the profitability of commercial banks and recommends that to achieve profitability , a banking institution should ensure that there is good management . The ability of a...

22 pages

90.5 KB

Free sing-up