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    Concept of Ethics:: Deficit Units (Households/firms) Banks (Financial Intermediary) Surplus Units (Households/firms)

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    Farzana Akter 28
    Ethics are rules of behavior based on ideas about what is morally good and bad. Business firms must follow ethical standards and consider social implications while pursuing profit to survive in a competitive market. Banking is a profession based on trust that intermediates funds from savers to borrowers. Bankers need to practice professional ethics through their actions and establish professional bodies to strengthen skills and uphold standards, as banking involves public trust despite diverse entry paths into the profession.

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    Concept of Ethics:: Deficit Units (Households/firms) Banks (Financial Intermediary) Surplus Units (Households/firms)

    Uploaded by

    Farzana Akter 28
    172 views2 pages
    Ethics are rules of behavior based on ideas about what is morally good and bad. Business firms must follow ethical standards and consider social implications while pursuing profit to survive in a competitive market. Banking is a profession based on trust that intermediates funds from savers to borrowers. Bankers need to practice professional ethics through their actions and establish professional bodies to strengthen skills and uphold standards, as banking involves public trust despite diverse entry paths into the profession.

    Original Description:

    Business ethics

    Original Title

    Emma Business Ethics

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    Ethics are rules of behavior based on ideas about what is morally good and bad. Business firms must follow ethical standards and consider social implications while pursuing profit to survive in a competitive market. Banking is a profession based on trust that intermediates funds from savers to borrowers. Bankers need to practice professional ethics through their actions and establish professional bodies to strengthen skills and uphold standards, as banking involves public trust despite diverse entry paths into the profession.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    172 views2 pages

    Concept of Ethics:: Deficit Units (Households/firms) Banks (Financial Intermediary) Surplus Units (Households/firms)

    Uploaded by

    Farzana Akter 28
    Ethics are rules of behavior based on ideas about what is morally good and bad. Business firms must follow ethical standards and consider social implications while pursuing profit to survive in a competitive market. Banking is a profession based on trust that intermediates funds from savers to borrowers. Bankers need to practice professional ethics through their actions and establish professional bodies to strengthen skills and uphold standards, as banking involves public trust despite diverse entry paths into the profession.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Concept of Ethics :

    The English word "ethics " is derived from the Greek word. Ethics are rules of behavior based on ideas
    about what is morally good and bad.

     Rahman, Muhammad Habibur state that ethics expressed by good behavior recognize the rights
    and interests of others as well as society as a whole.
     According to the Alamgir, M, ethics is based on a value system that refers to important and
    lasting beliefs about right and wrong, fear and unfair, good and bad, desirable and undesirable
    handed down in society through Customs, tradition and religion.

    Business and Ethics:

    A business firm is a commercial entity that is established to produce goods and services to earn a profit.
    In a modern economy, a business firm is a form of cooperation engaging production, exchange, and
    distribution of goods and services. Though a business firm is profit-oriented, it has to follow ethical
    standards and consider the social implication of its activities to survive in a highly competitive corporate
    world.

    Banking Business :

    The banking business is regarded as the financial intermediary that mobilizes funds from savers to
    allocate the gathered funds as loans among deserving economic entities.

    Surplus units Banks Deficit units


    (Households/firms) (Financial (Households/firms)
    intermediary)

    Flows of Funds from Surplus to Deficit Units

    Why do Bankers Need to Practice Professional Ethics and Establish Their Professional Body or
    Institute in the Banking Industry?
    Banking is truly a profession based on trust and professional ethics. But the entry into the banking
    profession is not limited to related academic disciplines or professional degrees such as Banking, Finance,
    and Economics.

     Bangladesh Institute of Bank Management (BIBM) primarily focuses on providing training to


    officials of banks and financial institutions and educational degrees to strengthen and update their
    skills. Many public and private universities also provide Bachelor's and Master's degrees in
    banking.
     Also, the Institute of Bankers, Bangladesh (IBB) provides two-tier certification or diploma
    examinations.
    professional ethics is not just earning a professional degree but, practicing standards of
    professionalism in their operations. Even in facing such difficulties, professional bankers never
    abuse power.

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