Question

You have been hired as a financial regulator of Meezan Bank Limited, a leading bank in Pakistan
as it holds third largest amount of deposits. Your task is to ensure that the bank generates reasonable profits and manage risk of such huge deposits. Develop an action plan to safeguard
bank’s operations and its depositor’s money?

Answer 1

As an financial regulator of Meezan Bank Limites, is will develop below action plan in order to safeguard bank's operations and depositor's money:

- I will have to develop a sound corporate image and reputation in local as well as business community. Along with that, I will have to provide better and professional facilities. Staff engaged with bank have to be socially responsible, educated, friendly, humble with the customers and society.

- Developing strong relations in order to increase bank's database and its deposit activities. This will help to bring businesses from high network clients like company shareholders, business class people, professionals etc. Then we will have to convert them as our clients and bring more and more deposits, convince them for loans as per their needs, actively ask referrals from them.

- Will have to hire staff for in-person meetings with customers, local commercial chambers, business colleges. This will enable to develop personal working relationships with city and elected officials.

- Will have to allocate time to review bank policies and do necessary changes if required. Will have to train staff through new and innovative techniques and given them knowledge regarding new changes in policies.

- Improve and enhance the security of the bank facilities and operations. This will help to build confidence of security in existing customers and new customers will be attracted.

- Will have to improve quality of bank services and operating efficiency regularly.

- Will have to make plan to hire part time employees and train them, after wards they can be converted into full time employees as per their work and target performance.

- Will have to review operating expenses of bank regularly and reduce unnecessary expenses.

- Motivating and rewarding team members.