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IMPACT OF GLOBALIZATION ON BANKING SECTOR :
PRE-GLOBALIZED SCENARIO OF  SERVICE CULTURE  IN THE INDIAN BANKS SERVICE CULTURE WAS EXTREMELY DEMOTIVATED & NON INTERESTED EMPLOYER& EMPLOYEE.  NON COMPETETIVE ATTITUDE. PRODUCT FOCUSED & NOT  CUSTOMERSERVICE FOCUSED. CUSTOMER UNFRIENDLY FORMALIZED
LIBERALIZATION & GLOBALIZATION MEASURES WERE INTRODUCED IN INDIA IN 1991-92. SHRI M.NARASIMHAM RAO
Globalization Process TWO WAY PROCESS . INDIAN BANKS . FOREIGN BANKS .
BANKS IN GLOBALIZED COMPETITIVE WORLD. Foreign Banks in India   Indian banks abroad ABN AMRO BANK CITI BANK BANK OF CEYLON PUNJAB NATIONAL BANK BANK OF BARODA ICICI BANK.
GLOBALIZATION IMPLIES TO  EXPOSURE TO COMPETETION
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What do Customer Like Most??? Customer service personnel ask
[object Object],FOCUSED ON CUSTOMER SERVICE ,[object Object],GOODS SERVICES
Innovation In Banking Product. Occasional greeting at home Surprise gifts. Good waiting rooms friendly employees Welcome note. Timely service Long banking hours. Low interest Rate.  Safety of deposits Loanable funds etc. The basic necessity to use banking services in order to handle finance more efficiently Potential Product Augmented Product Expected Product Basic Product Core Product
Flower of banking service Mobile  & Internet  banking ATM Network Good Waiting room Promotional discounts Low  interest  rates Intro.  Of new  schemes Change in Product line Consultancy service Financial  service
External drivers compel banks to leverage the  developments in Information Technology  and continuously innovate. ,[object Object],[object Object],[object Object],[object Object]
Technological innovations in Banking sector. Data Mining. Tie up Arrangements Plastic money. ,[object Object],[object Object],ATM ,[object Object],Marketing Agents for Distribution of Products ,[object Object],[object Object]
ADDITIONAL  FINANCIAL SERVICES  AVAILABLE TO BANKING SECTOR : Merchant Banking  Loan Syndication. Mutual Fund Factoring. Forfeiting. Venture Capital.
These services are being initiated by banks  like , ICICI Bank Ltd.,  Citibank,  Global Trust Bank Ltd., UTI Bank Ltd.,  Bank of Citibank  Bank of Madura Ltd.,  Federal Bank Ltd., etc.
Negative Impact of Globalization  on Banking Sector. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Theft
Conclusion  The opening up of economy in 1991 paved the way for the next revolution in Indian Banking: the emergence of private banks. It has changed the face of retail banking , bringing in enhanced competitiveness, product mix & customer satisfaction. The emergence of retail banking has also brought into focus the performance of the private banks & their aggressive banking practices. The new private banks have used technology to grow. The PSUs are now becoming more customer centric & tech savvy. The battle for the Indian consumerโ€™s mind is in full swing.
Thatโ€™s all Folks !!! Thank you!!!

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Banking sector

  • 1. IMPACT OF GLOBALIZATION ON BANKING SECTOR :
  • 2. PRE-GLOBALIZED SCENARIO OF SERVICE CULTURE IN THE INDIAN BANKS SERVICE CULTURE WAS EXTREMELY DEMOTIVATED & NON INTERESTED EMPLOYER& EMPLOYEE. NON COMPETETIVE ATTITUDE. PRODUCT FOCUSED & NOT CUSTOMERSERVICE FOCUSED. CUSTOMER UNFRIENDLY FORMALIZED
  • 3. LIBERALIZATION & GLOBALIZATION MEASURES WERE INTRODUCED IN INDIA IN 1991-92. SHRI M.NARASIMHAM RAO
  • 4. Globalization Process TWO WAY PROCESS . INDIAN BANKS . FOREIGN BANKS .
  • 5. BANKS IN GLOBALIZED COMPETITIVE WORLD. Foreign Banks in India Indian banks abroad ABN AMRO BANK CITI BANK BANK OF CEYLON PUNJAB NATIONAL BANK BANK OF BARODA ICICI BANK.
  • 6. GLOBALIZATION IMPLIES TO EXPOSURE TO COMPETETION
  • 7.
  • 8.
  • 9. Innovation In Banking Product. Occasional greeting at home Surprise gifts. Good waiting rooms friendly employees Welcome note. Timely service Long banking hours. Low interest Rate. Safety of deposits Loanable funds etc. The basic necessity to use banking services in order to handle finance more efficiently Potential Product Augmented Product Expected Product Basic Product Core Product
  • 10. Flower of banking service Mobile & Internet banking ATM Network Good Waiting room Promotional discounts Low interest rates Intro. Of new schemes Change in Product line Consultancy service Financial service
  • 11.
  • 12.
  • 13. ADDITIONAL FINANCIAL SERVICES AVAILABLE TO BANKING SECTOR : Merchant Banking Loan Syndication. Mutual Fund Factoring. Forfeiting. Venture Capital.
  • 14. These services are being initiated by banks like , ICICI Bank Ltd., Citibank, Global Trust Bank Ltd., UTI Bank Ltd., Bank of Citibank Bank of Madura Ltd., Federal Bank Ltd., etc.
  • 15.
  • 16. Conclusion The opening up of economy in 1991 paved the way for the next revolution in Indian Banking: the emergence of private banks. It has changed the face of retail banking , bringing in enhanced competitiveness, product mix & customer satisfaction. The emergence of retail banking has also brought into focus the performance of the private banks & their aggressive banking practices. The new private banks have used technology to grow. The PSUs are now becoming more customer centric & tech savvy. The battle for the Indian consumerโ€™s mind is in full swing.
  • 17. Thatโ€™s all Folks !!! Thank you!!!