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The impact of Retail Banking

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Sunanda K. Chavan
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The impact of Retail Banking - September 23rd, 2010

The impact of Retail Banking



_ The major impact of Retail Banking is that, the customers have become the emperors – the fulcrum of all banking activities, both on the asset side and the liabilities front. The hitherto sellers market has transformed into buyers market.



The customers have multiple of choices before them now for cherry picking
products and services, which suit their life styles and tastes and financial
requirements as well. Banks now go to their customers more often than the customers go to their banks.

_ The non-banking finance Companies which have hitherto been thriving on retail business due to high risk and high returns thereon have been dislodged from their profit munching citadel.



_ Retail banking is transforming banks in to one stop financial super markets.



_ The share of retail loans is fast increasing in the loan books of banks.



_ Banks can foster lasting business relationship with customers and retain the existing customers and attract new ones. There is a rise in their service levels as well.



_ Banks can cut costs and achieve economies of scale and improve their revenues and profits by robust growth in retail business. Reduction in costs offers a win win situation both for banks and the customers.


_ It has affected the interface of banking system through different delivery
mechanism.



_ It is not that banks are sharing the same pie of retail business. The pie itself is growing exponentially; retail banking has fueled a considerable quantum of purchasing power through a slew of retail products.



_ Banks can diversify risks in their credit portfolio and contain the menace of NPAs.



_ Re-engineering of business with sophisticated technology based products will lead to business creation, reduction in transaction cost and enhancement in efficiency of operations.
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Jitendra Mazee
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Re: The impact of Retail Banking - February 7th, 2018

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Originally Posted by sunandaC View Post
The impact of Retail Banking



_ The major impact of Retail Banking is that, the customers have become the emperors – the fulcrum of all banking activities, both on the asset side and the liabilities front. The hitherto sellers market has transformed into buyers market.



The customers have multiple of choices before them now for cherry picking
products and services, which suit their life styles and tastes and financial
requirements as well. Banks now go to their customers more often than the customers go to their banks.

_ The non-banking finance Companies which have hitherto been thriving on retail business due to high risk and high returns thereon have been dislodged from their profit munching citadel.



_ Retail banking is transforming banks in to one stop financial super markets.



_ The share of retail loans is fast increasing in the loan books of banks.



_ Banks can foster lasting business relationship with customers and retain the existing customers and attract new ones. There is a rise in their service levels as well.



_ Banks can cut costs and achieve economies of scale and improve their revenues and profits by robust growth in retail business. Reduction in costs offers a win win situation both for banks and the customers.


_ It has affected the interface of banking system through different delivery
mechanism.



_ It is not that banks are sharing the same pie of retail business. The pie itself is growing exponentially; retail banking has fueled a considerable quantum of purchasing power through a slew of retail products.



_ Banks can diversify risks in their credit portfolio and contain the menace of NPAs.



_ Re-engineering of business with sophisticated technology based products will lead to business creation, reduction in transaction cost and enhancement in efficiency of operations.
Many many thanks my friend for sharing such a nice information on The impact of Retail Banking and i am sure it would help many other people here. BTW, i am also sharing some useful information for sharing more related content to your thread.
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