Thursday 10 September 2015

Banks to embark on massive retrenchment following TSA policy.


You know how government policy can affect some people or sector? Well, the banking sector is about to experience a major setback following the directive for all state government to maintain treasury single account with the CBN by FG before 15th September.  This means all those loose billions most banks use to decorate their books will be pulled out, and some banks might end up naked as most banks no longer engage in the traditional banking Of lending to investors in other to generate profits. 

Well, most banks will have to reduce staff strength and then embarked on more aggressive marketing in order to survive...chai, I feel sorry for all bankers, as if the pressure wasn't bad enough....See what some bankers are saying on socialmedia 












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