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Commercial bank
COMMERCIAL BANK

Definition: A bank which accepts checking accounts and which makes short term investments.
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* All seventeen elements would be in.


1. Purposeful and necessary.

2. Registered as a legal entity, in area of operations.

3. With only appropriately qualified personnel in its employ, who provide competitive services to its clients.

4. Obeys all laws and related financial/banking regulations.

5. Fully capitalized. Truly, not only in 'books'. That is, solid. And has made adequate insurance (or reinsurance?) of its depositors funds. (To emphasize.)
6. Technology-driven. That is, computerized in its operations as currently obtainable in the industry.

7. Its charges and/or interest, etc., are the minimum or least in the industry. That is, makes minimal profit. And its rates on deposits, etc. are the utmost available in the industry.

8. Professional in its operations: honest and trustworthy, efficient and timely, courteous, non-discriminatory, etc.

9. Pays the employees - all cadres - the highest scale or rate of pay obtainable in the sector.

10. Contributes to society in a positive way. That is, performs some corporate social responsibility.

11. (Reserved). (Pays reasonable dividends to the shareholders and makes adequate profits for its owners. That is, institution is never run, in any financial year, at a loss.)
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FORGET RATINGS AND THOSE 'AWARDS'.
Below the Line
1. Does not dabble into the functions of a central, merchant, microfinance bank, etc. - unless expressly permitted by regulatory authorities.

2. Has not in its vaults, any trafficked, laundered, illegal and counterfeit money or the financial gains of a corrupt act.

3. Never successfully robbed ! That is, structure or building has modern facilities and is adequately safe, protected and secured.
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ETHICAL PRACTICES, PLEASE. NO VOODOO BANKING !


further below the line


1. Customer-friendly. That is, writes off customers’ bad or toxic debt(s), where possible.

2. Gives interest free loans/credits/advances, when possible.

3. Serves purpose(s), being the bank of choice! That is, custom or relationship with institution will be consistent and profitable for depositors and all !
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HELPS ELIMINATE POVERTY; LENDS SUPPORT TO START-UPS !

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