MANAGEMENT

Detailed explanation-1: -They are depositors, creditors, shareholders, employees, the community, and the government (for state-owned banks). Meanwhile, parties that have an indirect stake with a bank are those in which their involvement may determine the long-term success of a bank.

Detailed explanation-2: -External stakeholders include customers, lenders such as banks or microfinance providers, suppliers, the government, local community, pressure groups and competitors.

Detailed explanation-3: -External (secondary) stakeholders External stakeholders include clients or customers, investors and shareholders, suppliers, government agencies and the wider community. They want the company to perform well for a multitude of reasons. Customers want to receive the best possible product or service.

Detailed explanation-4: -External stakeholders are those who do not directly work with a company but are affected somehow by the actions and outcomes of the business. Suppliers, creditors, and public groups are all considered external stakeholders.