Practice of banking in ncc bank ltd ”

happening because of absence of corporate culture in our country. We think central bank and GOB should give a close look into this matter.

6.1.3. High cost for services: In Bangladesh charge for any kind of services provided by commercial banks is too high. Private Banks are leading in this section. Some services whose are free in other countries, costs high in our country.

6.1.4. Years old management system: Most of the commercial Banks in Bangladesh run by the decades old management system. As world is moving fast it is required to introduce new management policies and trained employees to cop up with the new economic world.

6.1.5. Too high interest rate against loan: Rate of interest against loan in Bangladesh is one of the highest in the world. Spread in commercial banks is from 16% to 21% in Bangladesh. This is not only creating an imbalance situation in our economy but also keeping us behind in the race of development. High interest rate is leading a too slow investment growth, low production, and increasing unemployment in our country.

6.1.6. Small range of services: Services provided by commercial banks in our country have a small range. Banks should increase their verity of services. In other developed and developing countries banks provides not only loans to their clients but also provide consultancy services to their clients. They also provide fund for any kind of household need of consumers. Commercial banks of our country also should take it in concern.

6.1.7. Absence of high tech technologies: One of the biggest barriers for quality service by our banks is the absence of high tech technologies.

Some of the commercial banks provide services using new technologies but it’s not enough for our vastly growing economy. It is a shame that in this 21 st centaury people need to stand in line to deposit their money in our country. But in the developed countries people are getting services staying in their houses. Using technologies not only saves time but also reduces cost of banks and clients.

6.2 Recommendations 6.2.1. Need to increase control of Bangladesh bank on schedule banks: Bangladesh bank should increase its control over schedule banks, so that schedule banks can not do things whatever they want. All commercial banks take decisions based on making profits rather than