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What are some of the critical functions of the Bank Financial Manager and how do they...

What are some of the critical functions of the Bank Financial Manager and how do they impact the bank?

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Answer #1

Critical functions of bank finance manager

  • Managing the funds
  • Allocation of funds
  • Monitoring of accounts
  • Preparation of budget and forecast
  • Analyse market for business opportunities
  • Improve profitability
  • Scrutinising loans.

Impact on bank:-

  • These function are required to run the bank smoothly.
  • It helps to keep a check on defaults and improve profitability.
  • It helps to invest the spare funds and get highest return out of it.
  • It focused on improvising the shareholders weath.
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