With the increased pace of reforms and continuous de regulations, banking sector is witnessing the competitive pressure never experienced before. Combined effect of the reduced corporate credits and the direct access of the corporate to cheaper debt market is forcing the banks to look for alternate avenues to drive growth and profitability.
Though every banks has it’s own unique strategic directions, over all directions that most banks are taking are :-
State of the art service delivery
Reducing cost of funds
Strategic Thrust on Retail market
Reducing cost of operations
Focus on increasing “Fee based” income in corporate banking
All these strategic initiatives have different implications to retail banking and wholesale banking. The technology initiatives taken by the most banks have actually exposed the weakness of the banks in terms of their business model, process, and structure. Technology implementation could be used to destroy all their current business model, process, structure etc. This offers new opportunities to re construct their structure, processes, systems, Work Practices, Roles to align the banks to the new strategic thrust.
We have partnered with some of the leading banks and financial services firms in India to help funnel reconstruction efforts across different streams
