Banking industry
is currently in a transition phase. The I phase turn 14 bank nationalised which
brings revolution in the banking industry in India.in 1990’s II phase brings
private and foreign banks which make life tough for public sector banks. PSB’s
are not able to compete with the private sector banks.This in turned a huge
growth in the banking sector. New private sector banks first made their
appearance in 1993.currently public bank are in the mood of sheding their slabs in terms of excessive manpower. On
the otherside, the other sector banks are
growing at a very high speed by acquiring new banks and doing mergers.
Public sector banks lack modern technology. Public sector bank are of course currently working very good still as their 25% employees taken VRS. On the other side private sector are hiring on daily basis and growing at a faster rate than public sector banks and still they cannot reach public sector bank great reach
Currently, the interest rates are likely to remain unstable this fiscal based on upward trend in inflation rate.. Public sector banks will opt for the universal banking. The key to success is “Technology and superior customer service” . This industry has to witness M&A in the coming times
Private Sector bank turn tech savvy, leaner .The weak public sector banks will survive in future.Soon they will be acquire by big players. The future of the private sector banks look more good than public sector banks. They have more productive employee force than public sector banks. This is one segment that is likely to witness a greater deal of action in the future. In coming time, the low interest rate scenario is likely to affect the major bank .RBI governs the whole banking industry from top to bottom.RBI change bank rate and CRR at regular time to increase liquidity.Public sector banks shed employess will give autonomy this move will not have the desired effect, beause these banks are away completely from the capital market in dubious stock market deals.this increase the risk factor.
Public sector banks lack modern technology. Public sector bank are of course currently working very good still as their 25% employees taken VRS. On the other side private sector are hiring on daily basis and growing at a faster rate than public sector banks and still they cannot reach public sector bank great reach
Currently, the interest rates are likely to remain unstable this fiscal based on upward trend in inflation rate.. Public sector banks will opt for the universal banking. The key to success is “Technology and superior customer service” . This industry has to witness M&A in the coming times
Private Sector bank turn tech savvy, leaner .The weak public sector banks will survive in future.Soon they will be acquire by big players. The future of the private sector banks look more good than public sector banks. They have more productive employee force than public sector banks. This is one segment that is likely to witness a greater deal of action in the future. In coming time, the low interest rate scenario is likely to affect the major bank .RBI governs the whole banking industry from top to bottom.RBI change bank rate and CRR at regular time to increase liquidity.Public sector banks shed employess will give autonomy this move will not have the desired effect, beause these banks are away completely from the capital market in dubious stock market deals.this increase the risk factor.
