"KING: 'Is there any way out so that the
banks of our Kingdom can bounce
back to do some profits again ?'
ROYAL STRATEGIST: 'You must raise
some questions first to understand what
is the actual scenario of banking industry.
1. What percentage of total assets
are actually bad assets ?
2. What percentage of bad assets
are actually fraud accounts ?
3. What percentage of bad assets have been
written off and at what average percentage ?
4. How many redundant departments are
incurring unnecessary operating expenses ?
5. How many branches which have done
losses consecutively for 3 years
are yet to be merged ?
6. Can we reduce the cash remittance
expenses by opening up a small currency
chest at a feasible accessible location ?
7. Is the bank really focussing on bulk
stationery printing to reduce the
costing of all stationeries as per
'economies of scale' theory ?
8. Has the bank succeeded in
implementing automatic deduction system
of all fees and charges in its CBS software ?
9. Has the Bank succeeded in uitilizing
its own IT workforce to do 'helpdesk' jobs ?
10. Has the Bank succeeded in direct addition
of commission amount of each third
party products sale to the 'Other Income'
of each and every respective Branch ?'
HERMIT: 'Quite smart you are ! In the form of
questions, you have actually given some good
suggestions indeed.'"- Arindam Sain
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