competition wizard subscription
competition wizard subscription published this article page no 226
As
the Indian economy heads into 2018 it is likely to see a discreet but profound
change.For the first time the per capita dollar income of the country will
touch the 2000 mark a threshold which in global economic history is usually
associated with multifold expansion in domestic consumption with improving
affordability turning past luxuries into necessities. competition
wizard subscription
competition wizard magazine published this article page no233
With
public sector banks undertaking most of the industrious infrastructure
financing their balance sheets naturally bore the brunt of business downswings.
In contrast most of the new age private sector banks were bereft of any asset
quality baggage as they spawned in the post liberalization era with bulk of
their expansion in 2000s. Relatively newer vintage also helped private sector
banks to invest in latest technology intensive solutions and enhancing their
capabilities which are key in scouting for new revenue fronts in addition to
improving customer experience. competition wizard magazine
competition wizard magazine published this article page no234
An
example of early adoption of technology by private banks is seen in the
expansion of point of sale machines. Despite having only 18 per cent share in
credit in 2012 private sector banks had started expanding their reach via
installation of POS machines where they had 80 per cent share in 2012. While
public sector banks have played a rapid catch up since then private sector
banks still have a ma ority share of 57 per contributes 20 per cent to the
total income for private sector banks vis-a-vis 14 per cent for public sector
banks. competition wizard magazine
competition success magazine competition success magazine this article was published in the magazine the indian space sector is projected t...
