Discuss SCOPE FOR RETAIL BANKING IN INDIA within the Service Sector Management (S.S.M) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; o All round increase in economic activity
o Increase in the purchasing power. The rural areas have the large purchasing ...
SCOPE FOR RETAIL BANKING IN INDIA -
October 4th, 2010
o All round increase in economic activity
o Increase in the purchasing power. The rural areas have the large purchasing power at their disposal and this is an opportunity to market Retail Banking.
o India has 200 million households and 400 million middleclass population more than 90% of the savings come from the house hold sector. Falling interest rates have resulted in a shift. “Now People Want To Save Less And Spend More.”
o Nuclear family concept is gaining much importance which may lead to large savings, large number of banking services to be provided are day-by-day increasing.
o Tax benefits are available for example in case of housing loans the borrower can avail tax benefits for the loan repayment and the interest charged for the loan.
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Re: SCOPE FOR RETAIL BANKING IN INDIA -
July 3rd, 2015
Incredulous to know about Retail Banking, check it out.
Retail banking is the provision of services by a bank to individual consumers, rather than to companies, corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards.