Banking Ethics - Changing Dynamics
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Ethics in Banking — Ethics in Banking.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the root cause of the 2008 global financial crisis from an ethical perspective?
Systemic ethical failures — including excessive risk-taking, mis-selling of complex products, conflicts of interest, and poor governance — driven by short-term profit incentives over long-term stability.
What is Banking 4.0 as described in the evolution model of banking?
AI-platform-driven banking delivering agile, scalable and resilient outcomes.
Which ethical problem is defined as selling financial products that are not suitable or appropriate for the customer?
Mis-selling — recommending or selling products without regard for the customer's actual needs, risk profile, or financial understanding.
What is Banking 1.0 characterized by in the chapter's evolution model?
Mainframe system of record — the earliest digital banking generation.
What does 'regulatory capture' mean in the context of banking ethics?
Regulatory capture occurs when regulatory bodies are influenced or dominated by the very institutions they are meant to oversee, leading to weakened oversight and ethical lapses.
What does Banking 3.0 represent in the chapter's generation model?
Consistent omnichannel self-service experience for customers.
Why are short-term profit incentives considered an ethical risk in banking?
Short-term profit incentives encourage excessive risk-taking and mis-selling, prioritising immediate gains over long-term institutional stability and customer welfare.
What did the Saraf Committee (1994) recommend for India's payment systems?
EFT system, ECS Credit for repetitive payments, and Electronic Debit Clearing for utilities.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
More chapters in Module A
Master the full ETHICS syllabus
Every chapter of Ethics in Banking — videos, tests, notes and one-liner decks in one place.