India’s value proposition in the financial sector I believe will continue to be strong and even in the current context IT may provide support in the re-structuring of the work-processes, products and may be the institution itself, thereby fulfilling the growth sustenance objectives of the institutions.
This period also provide excellent opportunities and avenues for the banks and the financial institutions to reach out to the people in the rural and semi-urban areas and bring them under the fold of our banking and financial system. The percentage of no-frills account holders and coverage of people under the banking umbrella is still miniscule.