The Banking scenario in India has achieved its place in the Stock Market. It has proved to be one of high beta sector in the Indian as well as Global Stock markets. India stock market (well known among traders as SHARE BAZAAR) has gained volume and weight age due to banking sector with domestic and international pace. Even after heavy slowdown in the economy, Indian banks were able to sustain with their cost savings. As per ine Information available with Reserve Baan of India, banks used to focus on “REVENUE MODEL” which was equal to cost plus profit. But, nowadays banks shifted their approach to the “PROFIT MODEL” which meant that Banks are aiming at Profit Maximization.
A future projection of this Sector States that India would see a huge number of Global Banks controlling and acquiring big stakes of the entities in the country. This would directly affect the position of shares of Banking Index in the Stock Market. Traders are finding good opportunities to fix their capital as Long term Stock Investment.
With the acquisition, the overseas banking units would bring along with it, Capital, knowledge, skills, technology. This would lead to a big competition in the banking industry along with efficiency of the stock to touch its higher highs. Thus, experts are foreseeing a competitive phase in the Banking Industry.
Banks as a sector are increasing their BRAND EQUITY as they are the major source of financial sector revenue. As per the recent data, The profit pool of Indian Banking Industry is expected to grow to US$ 20 BILLION in the year 2010 and further US$ 40 BILLION in year 2015. This pace would be driven from the chunk of Middle class population. They are contributing worthy percentage in terms of taxes to the Government.
OUR VISION is to make INDIA a Banking Hub of the Globe by the year 2040…IS THIS TOO FAR???????
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