Banking is a sunrise industry for students of commerce and management, according to Narayan K., Director of Besant Institute of Postgraduate Studies, Mangalore.

He was delivering the Business Line Club lecture on ‘Banking: Yesterday, Today and Tomorrow’ for the M.Com students of Canara College in Mangalore on Saturday. Syndicate Bank sponsored the Business Line Club lecture.

Those with numerical aptitude, skills and analytical minds have good chance of getting a job in banks. A graduate can join as a clerk or an officer, and can rise up to the position of chairman, he said.

While social banking was the motive in the yesteryears, profit banking is the motive now, he said.

Analysing the working conditions in the banking sector, Narayan said earlier the bank job was manually driven. Then technology solutions took the lead.

The service focus of banks today is mainly on the technology-based products.

Highlighting the role of innovation in banking, he said customised service solutions would be the future of banking.

Earlier customers approached banks to meet their needs, now the banks approached them to market their products.

Speaking on green initiatives in the banking industry, Narayan said the banks once were dependent on ledgers, documents, cheques and slips. With electronic initiatives, now the banking sector is moving towards cashless banking.

The Principal of Canara College, M. Sathish Bhat, was present on the occasion.

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