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Financial Institutions And Their Social Media Presence....

Tags : orkut, facebook, twitter,Financial Institutions And Their Social Media Presence...., social media, financial institutions, media, banking, banks in India, banks
Industry : Banking, All Industries
Functional Area : Business Processes, Organizational Development, Innovation
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About "Financial Institutions And Their Social Media Presence...." topic:

There are 81,000,000 internet users in India and we are the 4th largest in terms of number of users in the world. There are more than 40 million Indians registered on Orkut. India is one of the top 10 countries where people are using Twitter.

http://serendipitouslife.files.wordpress.com/2008/05/banking.jpg    Moreover the growth rates for internet usage, users of social media are growing at a very fast pace in India to say the least.


http://lavrusik.com/wp-content/uploads/2010/04/twitter.png        http://www.apnacashback.com/acb/images%5Corkut.jpg

 

Obviously this indicates that we Indians are spending a lot of time on the net and more so on social networking sites. It seems logical that brands and companies have to make their presence felt in the social media.

So, lets find out how many financial institutions are there in these social media and the depth of their presence.

2 debates , 2 idea contests on topic: "Financial Institutions And Their Social Media Presence...."
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(rate this)
1 Customer Service
2 Credibility .. not (social ) Media may help
s.baalu  |  Supported idea  "Credibility .. not (social ) Media may help"  |  2 years ago
HI SWATI. I GO WITH ASHOKE. GOING THRO SOCIAL MEDIA WHICH IS USED AS ONE OF THE CHANNELS TO WIDEN THE CUSTOMER BASE. WHATEVER BE THE PER CENTAGE INCREASE IT IS ONLY INCREMENTAL AND AN INCREASE IS AN INCREASE.MAY BE THIS IS USEFUL IN THE CURRENT...
ASOKE KUSARI  |  Added idea  "Credibility .. not (social ) Media may help"  |  2 years ago
For Financial Institutions, credibility counts ... not (social) Media. For "Bread-butter-clothes-shelter" .. people depends on reality and mere reality. So is in the case pf money / finance. India, people of this great country,  has a 'Banking...
HITESH H. MISTRY  |  Supported idea  "Customer Service"  |  2 years ago
Swati you are right Social media is not only for best for customer services but also awareness of product services. Your idea is good.  
 
 
Ideate: " How social media presence will help financial institutions?" deleted from your view.
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(rate this)
1 AXIS BANK
2 PRESENT MORE THROUGH BANK-GOONDA-INDUCED SUICIDES
R.Sajan  |  Added idea  "PRESENT MORE THROUGH BANK-GOONDA-INDUCED SUICIDES"  |  2 years ago
Our Banks are more present on the Net through ghastly reports of the suicides induced by their Recovery goondas. The middle classes now think ten times before borrowing from banks. Those that still do live long enough but to rue the day. After...
cmsrinivas  |  Added idea  "AXIS BANK "  |  2 years ago
AXIS BANK LITTLE PRESENCE IN SOCIAL MEDIA IT NEED TO IMPROVE IT
puneet  |  Supported idea  "ICICI Bank "  |  2 years ago
yes even HDFC is also available on lots of social issues, so it's a good move. and people can directly join them and share their problems.
 
 
Ideate: " Which all financial institutions are having some sort of social media presence?" deleted from your view.
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(rate this)
Yes 
9
VS
5
 No
Krishna Mohan Challa  |  Argues in support of  "No"  |  2 years ago
i dont think that we should mix banking with social networking as thinks are not secured and many people are not ready for it.
Danish khan  |  Argues in support of  "Yes"  |  2 years ago
i think it is fine to mix social networking with businessbecause social networking site provide you a cost effective platform where you can contact millions of people from around the globe. We are living in knowledge economy and internrt is going...
Sonali Sarkar  |  Argues in support of  "Yes"  |  2 years ago
I think yes. Now a days, we can see social networking concept is catching fire. Companies are seeing their opportunity on it and users are also becoming open minded and are accepting social networking. Thus I believe consumers are ready to mix...
 support: 
 
 
Debate: "Are consumers ready to mix banking and social networks?" deleted from your view.
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(rate this)
to invest  
7
VS
0
 not to invest
G C Jagadeesan  |  Argues in support of  "to invest "  |  2 years ago
This is the apt time and oppurtunity to invest. The sleeping giants are started waking up with lot of hidden potentials, besides thier safe (A+) investment avenues.
 support: 
 
 
Debate: "SBI PSU Fund - is this the good option to invest" deleted from your view.
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