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Overview On Indian Banking Sector Cont
Overview On Indian Banking Sector Cont
Challenges Faced by Indian banks Lack of product expertise Traditionally focused on limited range of products Primarily for corporate clients Need for acquiring skills in Retail, structured finance Lack of distribution expertise Reliance on branch channel and human intervention Relatively high unit cost of delivery given small transaction sizes Limited use of technology Across both customer-facing and internal functions
Rural Banking
Improving Risk Management Developing a flexible model for rapid scale-up at optimal cost
FACTS AND FIGURES Indian banking sector has 6th rank in all over the world. SBI has 6500+ ATMs all over the country.
Acc. To business magazine survey the no. of ATMs grew 28% yearly. Inspite of it India has 23+ ATMs per million people, China has 55+ ATMs and South Korea has 1600+ ATMs per million people.
Transaction done through ATMs is around 70,000 crore in a year. ICICI bank has largest no. branches in foreign also.
Reasons for the Regulation of Banks Protection of the Publics Savings Control of the Money Supply Adequate and Fair Supply of Loans Public Confidence Monopoly Powers Support of Government Activities Help for Special Segments of the Economy