| Topic : Retail Banking |
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Activity:
318 views;
last activity : 10 17 2011 16:47:56 +0000
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Expansion and Diversification in Non Urban sectors
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Indian retail credit in new heights
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Branch Banking is out Core Banking In
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More Foreign Bank Investments
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Rural Marketing
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Sophesticated customers
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A 1 stop shop model for all Financial products.
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Rural Banking will transform the Indian Banking in the coming years
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Expansion and Diversification in Non Urban sectors
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Technology Driven
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Total system reform is required without it it is going to be just an policy
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Manager
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Yes, as my opinion Banks are expanding and diversifying by focussing on non urban segment as well as varied income and demographic groups. Rural areas offer tremendous potential too which needs to be exploited. In future, We can see Indian Banks in flying towards the objectives in rural segments also.. |
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As we know that if one becomes stringent growth can't be rapid. Being stringent has its own advantages and disadvantages, but looking to the current scenario of developed countries its is very much required that we should not run behind growth but we should focus on steady growth getting it by correct measures. Necessity is mother of invention. So if FII and FDIs are interested in our country they only will provide us money to grow but the matter of fact is that our homework is to make people habituated for banking services, specially the rural area of our country and we need to focus on the development of the skilled man power within the country so that whenever required we can grow faster even than the requirement.
Day by day we can see the improvements and development by using high technology in all sectors.compare to last year the growth is more in National Stock Exchange . In that we can predict good result in Indian banks.
Post 2009 banking sector scenario will implies new threats as well as opportunities. Capital is going to play a crucial role in the banking sector. Since by then bank need to grow in size of global standard, need to have robust risk management practices, advanced technology, skilled manpower and very sound marketing practices. All these require huge capital investment by Bank. A lot of challenges are waiting for PSU bank ahead of 2009. Survival of tech savvy, good global sized, with huge capital and smart skilled manpower bank is guaranteed while a bank having characteristic contrary to this will be acquired by big banks. RBI DEPUTY Governor V. Leeladhar has said that two of domestic banks in India have turned like Foreign Banks. Approximately 74 per cent of holdings of ICICI and HDFC bank are in the hands of foreigners.
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I recon Capital is going to play a crucial role in the banking sector. Since by then bank need to grow in size of global standard, need to have robust risk management practices, advanced technology, skilled manpower and very sound marketing practices. All these result in huge capital investment by Bank.Housing will continue to be the biggest growth segment, followed by Auto loans.. |
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Middle east is planning to enter in to Indian market with their banking business. Their plan is to carry on their existing banking business in rural parts of our country with retail credits.
I agree (i) retail credit plays an important role (ii) capital is crucial (iii) sophisticated technolgy, robust risk management practices, innovative management practices, will be the key
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After implementation of Core Banking solutions and internet bank, phone banking, mobile banking etc the concept of branch banking is on its way out. A customer need not visit the bank branch at all after the initial opening of the account and getting his internet banking login etc he can transact his business from anywhere, he can deposit his cheques for clearance, collection from the branch on his daily route, he gets alerts about credits and debits to his account on his mobile with outstanding balance. he can get account statements on the net etc.
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In my view, RBI is moving fast on the adoption of its declared roadmap for foreign banks in India. In the roadmap of foreign banks may be permitted to have overall investment of 74 per cent in the private banks of India. and ahead of the deadline ,say 1year, RBI has allowed investment by foreigners in the two banks to nearly 74 per cent. Now we may see more foreign Banks around us in future. |
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Rural Market should be the next target be all banks. It is an upcoming market with much less penetration of the banking sector. It is now a lucrative market for the banks and is a promising market also.
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The rural market segment and infrastructure, trading, services verticals will be the cynosure of Bankers.
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By then end of 2009, customers would be more educated and knowledgeable in banking products. They will be smarter and would be able to understand the financial products more then today. They would like to choose those service providers who will be able to accommodate all their specific needs. The customer would be the chooser in near future. |
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It was never that rural banking had never been the focus...check the bank policies for rural sector.. Tremendous boost had been given to farmers for tractor purchasing not only new ones but also second hand apart from agriculture machinery..
Never was there any dearth of rural focussed policies. But yes the retails sector will get a push in rural sector. This has happened in Urban sector not very along ago and tha market has become more agressive with the coming of brand names in this sector. Another change that can be forseen is the more technolgy and less manpower to handle the accounts.
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After a few years, it may happen that consumers will get all the financial services under 1 roof. The consumer will get the whole investment counselling at 1 place. thus he will not face dilemmas regarding Where to invest and how. |
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Whether its foreign exchange, Derivatives, Stocks, Mutual funds, Insurance, Etc etc..All at one place since banks have entered into all the spheres and after a few decades, corporates as well as layman will be getting all info on various products.
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Rural banking will bring a transformation in the Indian Banking Industry in the forth coming Years. This is very clear from the message of our Prime Minister Dr.Manmohan Singh. Our Prime Minister is emphasizing the important of the inclusive growth and he has emphasized the importance of extending financial access to the Rural and Semi Urban people's to make this happen. Government is planning to spend a huge sum of money in the infrastructure development in Rural and semi urban areas which helps the rural and semi urban people to get access to the markets. So Rural Banking and Micro Finance will play a major role in the transformation of the Indian Banking in the subsequent years. |
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Micro finance and SHG movements will have to play a greater rloe in the coming years. Recovery is the major yard sticks in Banking we are observing above 90% recovery in this sector for the past 12 years and giving more than 1800 cr of business to the Banking industries is simply great. It is our turn to ensure that group coercieviness is properly buildup and create suitable marketing to sell the products of the SHGs.
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Risk is something u have to go for in each and every industry.so why worry about what will happen , always think what can happen. if u got to wxpand & diversify , u need to reach each & every sector
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The level of automation and Customer interface will be technology driven. With penetration of internet customers will prefer to use netbanking as their preferred choice and banks offering good and integrated services thru internet will do good business |
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Dear all it will be great on pen & paper but is it possible to cater the rural requirement as per my practical experience is concern only few influential people are taking benefit out of it they are taking soft loans from banks and latter they are declaring that the crop is damage because of so & so reason along with political pressure they are enjoying the loan discount or total waive.our system is not so strong to implement this system effectively.
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No Private Sector Banks in India should exist after 2009. All Private Sector Banks should get amalgamater under one name of all Private Banks should be merged with the nationalised banks to increase the net work.
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Mr. Srinivas has explained the whole thing very precisely. To bring inflation under control there are still many things to be done. But perhaps it is not possible for them to do all this. |