NEW GENERATION BANKINGPRATHEEBAN R

MBA - Ist year

Department of Banking Technology

School of Management

Pondicherry University

INTRODUCTION Present Private Banks - 23

Pre – 1991 - 17 Old Generation Banks

1991 Economic & Financial Sector Reforms

Post – 1991 - 12 New Generation Banks

Present – 7 New Generation Banks

CONSIDERING TREND Changing mindsets-willingness to borrow/lend

Desire to improve lifestyles

Fiscal incentives for home loans

Growing consumerism

Growing disposable incomes

Higher adaptability to technology

Increasing literacy levels

Youngest population in the world

IMPLICATIONS Anywhere Anytime Anyplace Banking

Banking at Convenience

Dismantling of Physical Structure

Disappearance of Conventional Risk and Arrival of

New Risks

Goodbye to Traditional Instruments and Invitation to

New Instruments

Leading to Currency-less Monetary system

RECENT DEVELOPMENTS Bank assurance – Collaboration

between Banking and

Insurance Companies

Business Transformation

Change in Customer

Expectations

Corporate governance

Improvement in Service

Quality

Increasing focus on Retail

Banking

Increasing non-interest and fee

based income

Mergers acquisitions and

consolidations

New Products and Services

(Product Innovation and

Branding)

Outsourcing of Resources

Product and Process Innovation

Shift Towards Branchless

Banking

CONCLUSION MEETING THE NEXT GENERATION

THANK YOU!