Asian Journal of Research in Business Economics and Management
  • Year: 2013
  • Volume: 3
  • Issue: 7

Prospects and challenges of banking sector in service industry

  • Author:
  • Rukhsar Ahmed, Imam Ud Din1
  • Total Page Count: 3
  • Page Number: 321 to 323

*Professor and Dean, Preston University, Karachi, Pakistan

**Asst. Professor, University of Baluchistan, Quetta, Pakistan

1Professor and Dean, Preston University, Karachi. Pakistan. Email: Rukhsarahmed2000@yahoo.com

Online published on 5 July, 2013.

Abstract

Bankers on the earth away from them, but leave the power to create money and control credit, and with a click of a pen they will create enough to buy it back’. This was remarked by Sir Josiaph stamp, former President bank of England.

Once a wise man remarked that chances of a bank going out of business are extremely slim. But it's always a good idea to spread around major sums so every penny is backed by insurance. Another wise man remarked that a bank is a place where they lend you an umbrella in a fair weather and ask for it back when it begins to rain.