This document summarizes the challenges facing the banking industry and objectives of banks. It notes that banks are investing in new technologies like blockchain to transform their business models and meet challenges from increasing competition, regulatory changes, and changing customer expectations. The document suggests that banks need to focus on improving employee competencies and motivation through training, as well as ensuring management is fully committed to implementing changes needed to achieve business objectives.

1. PRESENTED BY -
DIVYA TYAGI
MBA (II SEM)

2. INTRODUCTION
As the banks recognize this skill gap that stops them
from transforming to meet the potential presented by
technology – they are beginning to invest significant
amounts into banking technologies they seem most
amounts into banking technologies they seem most
relevant for their business models.
For example, blockchain might not be a priority for
most industries today, but banks and financial
institutes foresee a great advantage in implementing
these. Therefore, the financial services industry as a
whole sees them as a high priority investment.

3. CHALLENGES FACED BY THE
BANKING INDUSTRY
Few main challenges faced by the Banking Industry—
Increasing Competition. ...
A Cultural Shift. ...
Regulatory Compliance. ...
Regulatory Compliance. ...
Changing Business Models. ...
Rising Expectations. ...
Customer Retention. ...
Outdated Mobile Experiences. ...
Security Breaches

4. OBJECTIVES OF BANKING
INDUSTRY
Safeguard Deposits
Provide Loans
Encourage Savings
Capital Formation
Capital Formation
Currency Issue
Enhances Living Standards
Generates Employment

5. SUGGESTIONS
Manpower is considered as the most important resource
but it is day to day dealing efforts are found for the
sufficient efforts are not found for improvement of
competencies and motivation of employees. It is suggest
competencies and motivation of employees. It is suggest
that in this direction strong steps are to be taken.
Bank management is interested for performance of
employees on paper. When questions come for
implementation and monetary terms the half hearted
efforts are put. There is need to change the mind set of
management further and tune them as per the need of the
hour.

6. THANK YOU