2007-01-24 04:07:39 · 5 answers · asked by sathi 1 in Business & Finance ➔ Other - Business & Finance
they are not in a position to equate with the foreign banks... as long as they are run by govt and job security is there the employees would not behave in professional way... right now people are opting for foreign banks... nationalised banks are having account holders who are getting salary or pension through them...
2007-01-24 04:54:05 · answer #1 · answered by Harish Jharia 7 · 0⤊ 0⤋
Our banking sector has been competing with foreign banks since long. It is not a new thing. There were several banks operating in India with full fledge operations. These include Citibank, HSBC, Amex, ABN Amro, Deutsche bank et al.
Indian banking is robust and active in all segments and sectors. There are several big indian banks operating efficiently right from pre-independence days.
There should not be any doubt in anybody's mind about competitiveness of indian banks. They have got a wide and in-depth reach and network in India, staff quality is satisfactory, financial ratios are slowly but surely going positive way. Yes, Indian banking can compete with the best in the world.
2007-01-25 06:11:06 · answer #2 · answered by Nitin G 7 · 0⤊ 0⤋
Except IT sector none of our sectors are ready for competition with the foreign companies. Banking sector is worst in the list.
2007-01-24 14:13:46 · answer #3 · answered by Kiran 3 · 0⤊ 0⤋
competitive business is there among banks.
foreign banks are utilising Indian resources for their business in India. say for example city bank doing business with out their bank for advances in India through out source.
2007-01-24 12:35:16 · answer #4 · answered by prince47 7 · 0⤊ 0⤋
ALL banks foreign or domestic are interconnected....they just don't want you to know this...........conspiracy big time
2007-01-24 12:28:02 · answer #5 · answered by ? 6 · 0⤊ 0⤋