New Generation Banking (INDIA)
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Transcript of New Generation Banking (INDIA)
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!