Major problems and challenges of products in the retail banking sector innovations
Tags :
marketing, product, financial services, retail banks, banking, analytics, distribtuion, branding, Challenges, issues, problems
Industry :
Banking
Functional Area : Innovation |
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About "Major problems and challenges of products in the retail banking sector innovations" topic:
Retail banking has immense opportunities in a growing economy like India. As the growth story gets unfolded in India, retail banking is going to emerge a major driver. So how does the world view us? according to the BRIC report saying that India as an economic superpower. A recent survey identified India as the second most attractive retail destination of 30 emerging markets, But then every industry has its own opportunities and challenges, So what are they in the Retail banks. Share your thoghts on this.
2 idea contests
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on topic: "Major problems and challenges of products in the retail banking sector innovations"
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Credit : Always available for good projects
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DSA
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Mathew Cherian
| Added idea
"More products for Banks, sure there are a lots of them."
| 3 years ago
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Structured debt is one area the banks can expand into if the financial sector reforms permit this for Indian PSU banks. Then without a secondry bond market how can one mark to market the losses or gain on a daily or weekly basis. I don't think...
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Winslie Leon
| Supported idea
"DSA"
| 3 years ago
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I would certainly appreciate that. I currently run a franchise of Anugrah stock and Broking and s SEBI regd sub-broker. I sure would appreciate any professional support or help from your side. I would also be happy to be of service to you in any...
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Ideate: "New Products in the Banking sector." deleted from your view.
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1
KYC (know your customer) issues
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Customer retention
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Pervash Kumar
| Added idea
"Regulatory compliance requirements"
| 3 years ago
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The Regulatory compliance, this is a challenge as the retail banks are considered world over now, where including Homeland Security, the Basel II framework, and privacy regulations, are forcing financial institutions to overhaul their information...
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manoj prasad
| Supported idea
"Customer retention"
| 3 years ago
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To me, customer retention is more challanging then KYC in india, these days it has really become difficult to retain a client as the competition level has increased so much in india, which not only have made customer educated about banking...
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Atul Thapliyal
| Supported idea
"KYC (know your customer) issues"
| 3 years ago
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yes one should know your customer very well and in recent days where technology is involved in everything, banks need to provide customers with faster and more complete statements in the mail as well as secure, instant online access to current...
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Ideate: "What are the opportunities and challenges of retail banking in India?" deleted from your view.
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Answer: "What are the major problems faced by Insurance industry in India??????????" deleted from your view.
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