" Surname 193.1.3 Unethical banking and Social focusThe correlation demonstrated 0.173 relationships, and the significant level was 0.001. This linkshows that there is a very notable weak correlation between ethical business norms and socialmeeting point. 4. RESEARCH DISCUSSION AND RECOMMENDATIONS4.1.0 Research discussionCurrent research work has pointed that good ethical & professional behavior in thebanking industry are a vital commodity. The purpose of the survey was to examine the currentsystem of the banking sector on unethical business practice and bankruptcy.The tool used is asurvey questionnaire (Appendix 1) of a sample of professionals, customers of banks andemployees of banks in Kenya with the particular focus on the banking industry.Hudon (Hudon, 35) mentions a few of the ethical norms for financial institutions. He includedconducting operations with integrity, and high skills, care, and thoroughness systematize thebusiness matters in a responsible way and efficiently with enough risk management systems,establish proper standards of market norms, guarantee to eliminate the conflict of interest andfocus on customers while treating them well.As noted earlier in the study, achieving professional conduct in the banking system in Kenyadepends solely on the moral and ethical behavior of the stakeholders. Banking is a businessconcerned with protecting and growing people?s money; therefore, one of its principal reasonsfor existence is to produce wealth for its clients, in the form of investment returns.In the literature review, the researcher had demonstrated that in any industry, it isunderstandable and acceptable that businesses try their best to maximize their profits. It is,therefore, reasonable that banks charge interest rates on the services they offer to their customers.Nevertheless, banking institutions that charge unwarranted interest rates, unreasonablecommissions, or abnormal credit costs that exceed acceptable standards are injury to their clients,consequently promoting poverty and misery amid most of its clientele and thus culpable ofusury. The Marian Webster dictionary defines „usury? as an unconscionable or exorbitant rate oramount of interest; specifically:interest over a legal rate charged to a borrower for the use ofmoney. As much as banks are involved in excessive speculative activities and reckless creditlending activities, morally it is not acceptable, and more often than not distress to business(Brennan, 2003, pg 113). For that reason, bankers, financial professionals, and deposit takinginstitutions should take a responsible move towards investment, lending operations, andcustomer services to promote ethical banking culture.It is our scholarly opinion, therefore, that an ethical banking system in Kenya is possibleand if adequately established can eliminate bankruptcy and unethical practices.Ethicalresponsible and respectful banking and financing institutions are possible, but also desirable bystakeholders. Banking and financial institutions can no longer operate devoid of ethics anymore,but this is only possible if investors, depositors, and interested parties in the banking industrywill put pressure on these institutions to implement the ethical code of conduct.4.1.2 Conclusion Surname 20Over the past two decades the global banking sector as a whole has been penalized nearly twohundred billion dollars for corrupt and duplicitous activities. While there are a small number ofindividuals who carry out unscrupulous behavior and transgression, their activities havesubstantial financial and legal consequences and have adversely affected employee faith andmorale as well as the confidence of supervisory bodies and the public. In fact, most internationalbanks are dealing well below break-even value, indicating a major lack of investor hopefulnessin positive change.To reform their present-day business culture, many international banking groups areconfronting the problem with extremely outdated approaches. Some have openly reviewed theirBusiness Ethics and are employing in-house cascading infrastructures to reorient their employeeson the meaning of principled behaviour. Other firms make use of their chief executives and thetop high-ranking officials in all-encompassing company meetings with personnel to urgeimproved behavior. Still, other bankers are reviewing and revising compensation and evenplacing a percentage of annual performance pay on leading by example by living the philosophy. From the outside, state controllers and other oversight bodies have been endorsing hard-hittingoversight and supplementary rules as the way out. While all these are pertinent to resolving theissue of ethics, most of these endeavors have a tendency to take no notice of the real point thatcultural change is just a mere replacement of one set of established and frequent work behaviorswith another.Commenting on the most recent financial debacles in Kenya?s banking sector, the CentralBank boss, Dr.Njoroge, acknowledges that there is an ethical problem within the institutionsoffering financial services, moreso the banks. In addition, Dr Njoroge puts forward thesuggestion that steep interest rates have become an impediment for the middle-level banksAccording to governor; the financial complications did not begin suddenly in the late 2000s,when the three banks namely Chase Bank, Imperial Bank and the Bank of Dubai made headlines.The underlying cause predates the case of the three banks. By scrutinizing the interbankdomain,for instance, it is evident that some banks engage in underhanded tactics when dealing with theircounterparts, such as charging high interest rates.While concern is intensifying, the current atmospheresignifies a critical point in thefinancial sector formed by a predominantcoming together of pressures. A substantialunificationof banks is anticipated in the predictable future, while severemonitoringlapses are being viewedas vital warning signs and being proactively transformed into enrichedlaws and processes. Inthe interim, revolutionary, but innovativeactivities in the financial technology purviewhold thepromise of altering the status quo, not only in the republic, but across the African Union region,as Kenya?s capital, Nairobi, gears up towards becoming themost important financial hub for theentire region, on the heels of countries such as south Africa. The developments haveinstigatedunease far and wide, of progressive and adversarial concerns, withresolutionscurrently being made that will restructure the prospect of the financial space. Thelevel, to which interested parties can expect breakthroughs as this transformational phase getsstarted, will be a contributing factor of success.With the banking sector highlighted prominently as a component of Kenya?s Vision 2030and subsequently listed one of six main pillars of financial growth, confronting and overcomingthe challenges in this realm will be predominantly significant to attaining a progressive growthoutlook. What is more, with the Kenyan government planning establish a vibrant andSurname 21internationally competitive economic sector with clear investment goals, the current situationprovides predictive insights into the larger trajectory and potential opportunities. In the midst of the disconcerting editorial reports at the onset of the collapse of severalbanks, most of reports seem to apportion blame directly on a prevalent existence of conspiracybetween financial controllers, auditors, and corporate clients, jeopardizing stakeholders? moneyand the country?s economy at large. The extent of descent is huge and the worse times arelooming for the banking sector. From a macro-economic perspective, competing opinions andconflicting evidence muddles the understanding of the recent turmoil in a rapidly evolvingmarket.Most people think of ethics or morals as norms of conduct based on practical researchoutcomes.From an organizational context, ethics refers to a set of determinants of unethicalbehavior of employees that differentiates between acceptable and unacceptable behavior, that is,that which distinguishes between right and wrong. Therefore it is more of a code of values ofgroups, societies or communities. The rule of thumb for a member in that it enables the personwithin the community to choose between right and wrong in consideration of alternative courseof action. Recently, in the Kenyan banking industry especially the deposit-taking banks have bornewitness to fraudulent transactions,staff abuse on client information, greed on the part ofexecutive officers and weak internal controls, have led to the central bank under the guardianshipofDr. Patrick Njoroge to intervene. This revealed the unethical behavior of bank employees andthe management.This research focuses on the findings of an empirical exploration into the unethicalpractices of Kenyan banks. The researcher outlines how the management of unscrupulousbanking practices in Kenya has gained particular attention in the recent past for several reasons.The focus of the investigation is on a three Kenyan Banks, but basically it may apply to mostbank profiles in the country.Particular attention is given to the influence of individual behaviorwithin an organizational context on the unethical practices in organizations.This research found out that unethical behaviour is widely responsible for the current financialwoes facing the Kenyan banking sector. The penalties imposed for unethical conduct seem to beso weak, therefore leading to the recommendation of the need to promote more awareness of theoperational Code of Ethics in the Banking Industry, believing that this may be the most effectiveway of encouraging ethical behaviour. To curb catastrophic insolvency of banks, the Central Bank of Kenya could ensure thatstiffer penalties are obligatory on banks which flout practices by acting unethically. Suchsanctions should be sufficient enough to deter the rampant violations and discourage unethicalbehaviour in future operations of the banks. In general, findings in this research suggest that,indeed there is a need to appreciate and embrace ethical values by banks and deposit takinginstitutions in creating an ethically apt banking environment. Broad research reveals thataccountable and ethical business practices recompense in the long run in better employee andcustomer relations as well as the growth of societiesAn increasing number of surveys, academic research papers and commercial reportsshow the positive effects of responsible positive behaviour on business performance andstakeholder responses. This research is therefore intentional to present key ethical issues thatdeposit taking banks in Kenya should consider if they desire to contribute to the attainment ofethical banking in their industry and eliminate bankruptcy. It is this study's conclusive viewtherefore, that banks need ethics otherwise they will slowly run down. The research proposes a "