Market Capitalization of single Chinese state bank
is greater than all banks of India(i.e Nationalized +private & all
sundry co-operatives),Gone are the days when Indian Banks survived with
illegitimate means of recovery,traditional products associated with full
securities and highest cost of lending through out the world.
AsMarket integration is seen on rapid phase very less time remains with
Indian Bankers to cope up with the situations,as we already witness the
case of BOMBAY STOCK EXCHANGES,Where leading exchange fumbling for
survival as compare to the innovative products and recorded turnover on
newly comer national stock exchange.
In order to develop & structure innovative Banking products one has to keep the following 3 basic points in mind.
1.Faith of clients on the products to be increase continuously.
2.Management of Liquidities and effects of such products on liquidities is to be positive.
3.Continuous
modifications and innovations of such products ahead of competitors,and
effects of such products on client's reductions in operating cycle
period.
IF INDIAN BANKS not thinking and adopting such attitude fastest possible they will have to be vanished from business.
At the end,I welcome comments,criticism and views from the learned friends.
Prakash Popat.
CAclubindia
