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The chief executive officer is responsible for enacting the operations and policies. The chief operating officer analyses the market constraints, and set forth new business initiatives and plans in order to increase the quality of operations of the bank.
The COO manages all the regulatory issues and issues related to the operations and public relations. The general manager manages the bank staffs and assigns specific tasks to them. The deputy general manager assists the general manager in several of the duties.
They review the various budget activities along with the general managers. The assistant general managers act as a communication line between the principal officers and the general managers.
They take part in the various administrative activities. The principal officers form an important rank in the bank management hierarchy. They perform various targeted functions like negotiating new transactions, rescheduling and restructuring of the portfolios.
They develop new financial structures according to the emerging needs of the bank. Moreover, they lead and manage the junior staff members and develop professional relationship with the various clients.
The senior officers are responsible for meeting the monthly sales targets assigned to them by the executive officers of the bank. They evaluate the sales prospects in the particular geographical area assigned to them and coordinate with the internal and the external teams. Clerical staffs of the bank are also referred to as tellers. The staffs manage the cash deposit and the withdrawals.
They pay and receive money from the customers by evaluating their authentic signatures.
The Wall Street Journal.
Retrieved January 2,