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BANKING ETHIC CHANGING DYNAMICS
What is the primary purpose of banking ethics in the modern financial system?
Banking ethics ensures that financial institutions operate with integrity, fairness, and transparency, thereby maintaining public trust and systemic stability.
What is the meaning of 'ethical drift' in the banking sector?
Gradual erosion of ethical standards over time in banking culture.
How has digitalization changed the ethical landscape for Indian banks?
Digitalization has introduced new ethical challenges such as data privacy, cybersecurity risks, algorithmic bias, and the need for transparent digital lending practices.
What is the role of a bank's Board of Directors in ensuring ethical conduct?
Sets ethical tone, approves policies, and oversees compliance culture.
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