Finance Resources
Investment Planning
Stock Market
Futures & Options
Mutual Funds
Home » Banking » Proxy Banking » Branch banking

Branch banking

The significance of the simultaneous opening of 101 branches by the country’s premier commercial bank, SBI, has eluded most of observers and commentators. While it may be a bit of a hyperbole to say that the event marks a big bang return of brick & mortar banking, it is almost certainly a statement in bold relief of the continued importance of spatial presence of commercial banks across various geographical locations.

This also by itself is an eloquent and resounding rebuttal of the supremacy of virtual banking anchored around state of the art IT backbone, over conventional branch driven banking. This should silence the vocal votaries of wired banking, who have been writing the epitaph of conventional banking on the basis of their view of the evolving banking scenario through a limited aperture of relative success of a couple of banks.

This event has constituted a re-entry vehicle for SBI, the public sector banking behemoth, into the centre stage to reclaim its rightful place.

Tomes were being written on redundancy of the public sector banking business model, especially in the context of the present financial and banking ambience, both domestic and international.

There is no gainsaying that government sector banks suffer from certain inherent shortcomings and inadequacies. Some of these could act as serious impediments to their competitive edge in the market place, diluting their standing in the financial architecture of the country. A highly regimented control apparatus, archaic internal guidelines, evolved principally to keep at bay subsequent investigation by the state’s punitive machinery of purely commercial decisions, rapid depletion of quality human resources pool are some of these.

However, it must be conceded that the top management of these seriously disadvantaged banks, backed by some real time solid support from the government, initiated and implemented a policy package, which to a large extent contained the fallout.

In the process they came up trumps by turning out excellent performance, continuously for the past 3 to 4 years. Notable among them have been PNB, Union Bank, Bank of India, and Bank of Baroda, apart from the ubiquitous SBI. One can only appreciate that if these banks had the flexibility of the foreign and private sector banking counterparts, they could have done considerably better and reasons for this are not far to seek.



Types of banks, Branch banking, Ethical Banks, Postal Savings Banks, Community Banks, Offshore Banks, Retail Banks, Publicly owned banks, Private Bank, Business Banks, Corporate Banks, Commercial Bank, Savings Bank, Central Banks, commercial banks, savings bank, corporate banking, central bank, investment bank, investment banking, retail banking, private banking, business bank

Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.