The Study of Opportunities and Challenges of Retail Banking in Indian Economy
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2017, Vol 0, Issue 1
Abstract
The increase in retail lending in developing economies can be attributed to the rapid growth of personal wealth, favorable demographic profile, and development in information technology, the conducive macroeconomic environment, financial market reforms etc. The retail banking strategies of banks are undergoing a major transformation and have resulted in a paradigm shift in the marketing strategies of the banks. PSBs are adopting aggressive strategies, leveraging their branch network to garner a large share of the retail market. Countries, like India, have emerged as potential markets with changing investment opportunities. The higher growth of retail lending in emerging economies can be attributed to the rapid growth of personal wealth, favorable demographic profile, rapid development in information technology, the conducive macroeconomic environment, financial market reforms and small micro-level supply side factors. Retail banking is widely recognized as an important factor for the economic development of a country. Retail banking helps the Indian banking industry by providing a wide range of innovative services. Retail loan is estimated to have accounted for nearly one-fifth of all bank credit. Over the past few years housing sector is experiencing a boom in its availability of credit. The retail loan market has decisively got transformed from a seller's market to a buyer's market. The days are gone when getting a retail loan was difficult. All the above statements bring out the speed of development that retail banking is experiencing in India.
Authors and Affiliations
Avaneesh Kumar
Keywords
Related Articles
- EP ID EP245733
- DOI -
- Views 119
- Downloads 0
E-Commerce : The New Art Market
Twenty first century witnessed a drastic change in selling or buying of paintings online. India is no exception in this regard. In the past fewyears, selling online paintings has become a newtrend to look up in India. Ma...
Boundary-less-Banking : Bankers Perception on Online-Banking in Meerut District
Online Banking in simple terms means, banking services through website which does not involve any physical exchange of money, but it's all done electronically, from one account to another. There is no need to go to the b...
Income Generation Capacity of Rural Women through Selected Entrepreneurial Activities (A Case Study of Nainital District)
women's role is limited to household affairs and farm activities, which, in general engage them for a longer hours each day. The women can be proved as a great resource for development process if properly managed and org...
Limited Liability Partnership (A New Business Vehicle for Indian MSMEs)
In sole proprietorship/partnership firms, the liability of Proprietor/partners is unlimited. They have the exposure of their personal assets being appropriated & liquidated to meet proprietorship/ partnership dues. In ca...
Renewable Energy-Solar Power in India
Renewable energy is basically the energy that comes from natural sources such as wind, sunlight, tides, rain, and geothermal heat. Generally renewable energy projects are used on a large scale, however, this does not mea...