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Here is the role of banks (Commercial Banks) in the economic development of the country. Safe Custody of Valuable Documents Bank plays an important role in our economy. We deposit money and get credit from it for various purposes, like we need money to start a new business, purchasing a car, etc. It provides safe deposit and custody of valuable documents. The safe deposit can be possible by opening checking account or credit card for sending and receiving money. Online Banking is also more secure and modern trend for this purpose. You may Read about What is Bank Reconciliation Statement   in banking System . Regulatory System If you want to start a new bank or close the existing one, then you must get the permission from the Government. Govt. makes rules and regulations for the operations of the banking system. Consumers and businesses can make tight check and balance on the performance of the bank towards the economy. Article about Speci...

Here we discuss about the specific environment in Management with respect to Allied Bank. Specific Environment for Allied Bank includes  Customers , Suppliers , Competitors and P ressure Group . Customers   (you can also read E-Commerce to know about the difference between Customer and Consumer to better know about these terms). The Bank provides many facilities to its customers in order to create customer value being a Commercial Bank. These services include credit card facility, opening a account, deposit and withdrawn of cash, credit creation and the most important is ATM facility and online payment and receipt. Suppliers To provide efficient supply of its resources at lower possible price to the end customer is ultimate the goal of any bank. The supplies include supply of I.T based equipment and office related devices. Like other Banks, the strategy is to create partnership on specific term and conditions so that bank regulate its dai...