Tie-up arrangements

abhishreshthaa

New member
o Tie-up arrangements


PSBs with regional concentration can reap the benefit of reaching customers across the country by entering into strategic alliance with other such banks with intensive presence in other regions.

In the present regime of falling interest and stiff competition, banks are aware that it is finally the retail banking which will enable them to hold the head above water. Hence, banks should make all out efforts to boost the retail banking by recognizing the needs of the customers.


It is essential that banks would be imaginative in predicting the customers' expectations in the ever-changing tastes and environments. It is the innovative and competitive products coupled with high quality care for clients will only hold the key to success in this area.


In short, bankers have to run very fast even to stay where they are now. It is the survival of the fastest now and not only survival of the fittest.
 
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