An extract from the chapter “Roadmap for the Indian Banking Sector” from the book – Contemporary Banking in India, Edited by Naina Lal Kidwai.
Latest GDP numbers indicate a growth of 5.5% in Q1 of 2012-13. This growth rate is slightly higher than the 5.3% growth registered in Q4 of FY12, a consecutive decline for five quarters.
Monsoon that plays truant, and continues to...
For every US$ 1 of agricultural output, the incremental agribusiness generated in India is only US$ 1. It is US$2.7 in Brazil and US$11 in USA. Is India ready for a revolution in the processed food sector?
India’s retail market is expected to cross US$1.3 trillion by 2020, but the questions are, which is a better choice – Malls or High Street; is it a ripe time to upscale?; with the Mall rentals going down /...
Naina Lal Kidwai, Senior Vice President, FICCI at the Ficci Banking Conclave 2012 in Mumbai.
“…….I worry about technology being used to enable financial inclusion because it is a low cost solution. We haven’t quite reached there yet, as it is still not a profitable solution…..
….To use technology alone as the reason to go out into the financial inclusion space is dangerous, because at the end of the day that individual needs relationship management. So we could get into a syndrome where we have a very product-wise approach, and lose sight of what is really critical, which is relationship management.
…….Technology can be a solution in the hands of a banker, but it isn’t relationship, it is just an enabler……..”