Banks have to understand customer intent, personally converse with them, and offer advice that was not drawn up in silos, says the survey Source link
Tag: Banking
After reaching peak, banking profitability to moderate on deposit challenge
With intense competition for deposits among Indian banks, the return on assets (ROAs) is expected to moderate from 1.1 per cent in FY23 to 0.8-1.0 per cent in 24-30 months, said a Mckinsey update on the banking sector. Peeyush Dalmia, senior partner, banking practice in India, Mckinsey, said while banking ROAs have been… Continue reading After reaching peak, banking profitability to moderate on deposit challenge
Banking, Bharat Mandapam, markets, Global Biofuel Alliance
Mahindra & Mahindra has picked up a 3.53% stake in RBL Bank. And in an exchange filing, the company has said that it was open to acquiring as much as 9.9% stake in the private lender. And M&M isn’t alone in its ambitions in the lending space. Other large Indian business houses – like… Continue reading Banking, Bharat Mandapam, markets, Global Biofuel Alliance