BCFI

Importance of Communication in Banking Banks are highly communication-dependent organizations. Every banking activity depends on effective communication, both internally and externally. Communication plays a key role in all major banking functions. Marketing of Products Banks use communication to promote their…

The principles of business communication help make messages clear and effective. Every business communicator should follow these seven principles. Clarity The message should be clear and easy to understand. It should contain only relevant information. The sender should choose the…

Effective business communication follows a ten-step process. The sender performs the first six steps. The receiver completes the remaining four steps. The Sender’s Six Steps Identify the Need The sender identifies why communication is necessary. The reason may be a…

What is Communication? Communication means to transfer information from one place to another, from one person to another, or to multiple people, from a group of people to another. Every form of communication requires a sender, a message, and at…

Graphic aids are visual tools used to present information in a clear, simple, and effective way. In business and banking, large and complex information must be shared with different stakeholders such as employees, managers, board members, and investors. Graphic aids…

What is Horizontal Communication? Horizontal communication means communication between employees, teams, or departments at the same level in an organization. It is also called lateral communication. It happens between peers who hold equal ranks. Unlike upward or downward communication, horizontal…