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Indian Banks: Taking Banking Technology to the Common Man

Tags : Banking,banks,technology,Banks in India
Industry : Banking, Private Banking/Wealth Management, Insurance, Investment Banking
Functional Area : Capital Management, M&A, Performance, Valuation
About "Indian Banks: Taking Banking Technology to the Common Man" topic:

There is consensus amongst the banking industry that there exists significant opportunities for the Banking Industry to leverage Technology as an enabler for gaining competitive advantage. And at the same time, there are significant challenges that need to be addressed. The purpose of this topic is to understand if Banks in India have the right foundations in place to leverage technology to its maximum potential. Please participate...

2 trends , 3 insight , 7 debates , 4 idea contests , 2 question on topic: "Indian Banks: Taking Banking Technology to the Common Man"
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By : Dayanand Deshpande
linda  |  Argues in support of  "Yes"  |  4 years ago
HELLO ( ) My name is Linda I am tall ,good looking, perfect body figure and I saw your profile on( and was delighted to contact you, I hope you will be the true loving, honest and caring man that I have been...
V.Chandramouli  |  Argues in support of  "No"  |  5 years ago
Well, I go with your argument.  Before this liberalization many of our nationalised banks didnt provide cash to its customers when they are charging if used in other atms.  Why that has happened. Secondly during the recent strike by all the...
Nitin Dobre  |  Argues in support of  "No"  |  5 years ago
1) People now ask "ATM kahan hai" earlier they used to ask " xyz ka ATM kahan hai" 2)Indians like to save money, even if Rs.5 is charged and if people have the option to save that five rupee they ll save it.  3)A trend have started, people have...
Debate: "Banks want curbs on free ATM use!!" deleted from your view.
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1 Address security concerns
2 Providing secured mobile banking services even from Normal Handsets
By : Chaitali Das
ATMA RAM CHAVALI  |  Supported idea  "Address security concerns "  |  4 years ago
Yes, addressing security concerns is a must.At the same time the banks have to campaign more aggresively about mobile banking. Now in India there are more number of mobile users than net users.The banks should concentrate on rural/semi-urban...
Niranjan Meena  |  Supported idea  "Address security concerns "  |  5 years ago
 Mobile banking is an amazing technology, the cause of failure is mainly due to its security concern. People feel that banking through mobile is not safe. So improving the security process in mobile banking will accelerate the customer adoption rate.
soumya saxena  |  Supported idea  "Address security concerns "  |  5 years ago
I think the two main factors are awarenes security about the facility being provided.the media channels are working so goo that awareness can be generated in some time . but if there is no security of transactions is involve .it will not work
Ideate: "How do you accelerate customer adoption rate for mobile banking?" deleted from your view.
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( Date: 18 May 2009 Keynote Address delivered by Dr. D. Subbarao, Governor, Reserve Bank of India on May 18, 2009 at the Banking Technology Awards 2008 of the Institute for Development Research in Banking Technology, Hyderabad.)  I am delighted to be here today to celebrate outstanding Information Technology achievements in the Indian banking sector. We are all well aware of the significant contributions that Indian IT professionals have made in the world arena. In fact, when the phrase “Indian talent” is used, it is often meant as a synonym for IT excellence. IT in the Indian Financial Sector – the Beginnings 2.         The use of technology in expanding banking has been a key focus area o...
By : Sanjay Wankhede
Mangala Shetty  |  Commented  |  5 years ago
ITS VERY TRUE that "We are all well aware of the significant contributions that Indian IT professionals have made in the world arena." I am PROUD to all “Indian talent”(IT excellence). Thanks a lot for sharing........
Sanjay Wankhede  |  Commented  |  5 years ago
yes ! I wish I could use /see only ordinary mobile to serve as full ATM functions, which is not impossible. African countries all ready have such platforms.
Insight: "Information Technology and Banking – A Continuing Agenda" deleted from your view.
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1 Open a Bank on the lines of Swiss Bank
By : Suryanarayan Murthy
Nilesh Jain  |  Supported idea  "Open a Bank on the lines of Swiss Bank"  |  4 years ago
Thats indeed great thought Mr Murthy.   Use such big funds to finance corporates, SMBs and for many development activities to emerge as developed country.  All loan rates shall come down drastically. But by doing so we will/may not be able to...
Suryanarayan Murthy  |  Added idea  "Open a Bank on the lines of Swiss Bank"  |  4 years ago
Why not the Government open a Separate Bank in India on the lines of Swiss Banks, so that the money does not go out of India and is available to the Government. All these 60 years of independence decisively proved that we can not combat...
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By : Swati Raut
Bishnupada Mohapatra  |  Argues in support of  "Yes"  |  3 years ago
No doubt in the other side Mr.Dayanand Deshpande has mentioned the true thing regarding the fraud that takes place now a days due to the use of Internet banking but i must say most of the banks take all possible steps to make aware their customer...
Dayanand Deshpande  |  Argues in support of  "No"  |  4 years ago
The reason that I won't prefer Internet banking is because I do not trust the services of the bank through the net. Some human beings prefer to trust others like us and may have some difficulty in trusting a machine, especially in the matters of...
Swati Raut  |  Argues in support of  "Yes"  |  4 years ago
If it's a good deal a number of i-bankers are available, It'll be like real estate brokering. Boutique i-banks typically handle sub-$25 million (Rs115 crore) deals, that helps in areas like fund-raising, debt, and private equity (PE) and venture...
Debate: "Do you like the increase in i-banks in India?" deleted from your view.
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By : Pravin Kumar
mula santhoshreddy  |  Argues in support of  "No"  |  4 years ago
no current banking rate systems rae good we need not to make any changes
Debate: "Should bank savings account rate be deregulated?" deleted from your view.
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Freehold House/Property/Bunglow 
 Flat in an Apartment
By : Jyoti CHETANI
Dr Ali Ahmad  |  Argues in support of  "Flat in an Apartment"  |  4 years ago
Thanks for the referral Ms Jyoti I think that  flat is more preferable. It makes us a feeling of living in a society where interaction is done with different  people, also safety factor is more than living in individual houses .
Vipin Bhasin  |  Argues in support of  "Freehold House/Property/Bunglow"  |  4 years ago
Jyoti i agree everyone prefer freehold house. But It depends on various factor to own a bungalow like cities, area, savings, conveyance locality as well as size of family. Costly property in Cities like Metros, how convenient to travel daily,...
Jyoti CHETANI  |  Argues in support of  "Freehold House/Property/Bunglow"  |  4 years ago
If i would be the first time owner, i prefer the freehold property rather then a flat of equivalent. May I afford to be on out skirts but in view of long term the valuation will definately be more in comparison to flats in apartment. Far may be in...
Debate: "If Tenant Turned Owner,What should be your idea of living with first investment of equivalent value? Why ?" deleted from your view.
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plz Call +919958271781
By : Navneet Kumar Pathak
pankaj yogi  |  Answered  |  4 years ago
icici is highly professional company and person needs killer instinct if he want to join.....icici stratigies are very aggressive and they push the employees hard.
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1 Facilitate with UID project
2 By leveraging existing network of Post Offices in India
By : Rashmi Patil
Sandeep Kule  |  Supported idea  "Facilitate with UID project"  |  4 years ago
I do support ur idea to associate the UID with Bank ID. This initiative makes it easy for banks to reach to every citizen. Once we acheive that, it will become the golden period for Banking Industry. This inturn will satisfy the social concern of...
Harindra J Bhatt  |  Supported idea  "Facilitate with UID project"  |  4 years ago
Great Idea. I'm in favour of your view. that would be a banking revolution. Every location can be covered under one roof. and Yes most importantly Inter Banking Transactions and Customer's Quality Services would be highlighted properly. More over...
praveenkumar  |  Supported idea  "Facilitate with UID project"  |  4 years ago
i will be agree with your comment, who are the people still under bpl they unable receive the banking services, i hope as per your statement the uid project will abe implement as early as possible
Ideate: "How centralised banking system should be implemented in Banks?" deleted from your view.
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By : Leena Khade
tanmoy  |  Argues in support of  "No"  |  2 years ago
bank is a secured place where people keep their money safely.Few days ago SUPREME COURT of India ordered the SAHARA GROUP to return the 17400 crore rupees with interest to the people,from whom they collected this amount through their financial...
Swati Raut  |  Argues in support of  "Yes"  |  4 years ago
I agree with what ashoka said, it will surely give tough competition to the present private banks. The decision of RBI is right I fully support this decision, because we see the private players are really doing good especially in the telecom and...
Leena Khade  |  Argues in support of  "No"  |  4 years ago
I think they should not be allowed to set up banks in India, than private co's other nationalised banks should be allowed to set up or else give the already existing co-operative banks and Micro-finance institutions a much needed boost from RBI....
Debate: "Should Private Co's be allowed to set up banks in India?" deleted from your view.
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