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Banking and Securities

Over the last decade, Indian banking industry has grown manifold, with total assets increasing more than five times to reach US$1.3 trillion; total credits and deposits growing consistently at ~20% to reach US$0.8 trillion and US$1.1 trillion respectively and number of bank branches reaching ~93,000. Additionally, the Banking sector has also emerged largely unscathed from global financial crisis of 2008 – supported by strong macro-economic growth, low default ratio, absence of complex financial products, regular intervention by central bank and proactive adjustment of monetary policy.

As the Indian Banking sector prepares for another decade of high growth, emerging global and local market forces are expected to present both, opportunities as well as challenges in the near to  medium term:

  • Growth challenges among corporate clients resulting from  crises in Europe, uncertainty in the Middle East, inflationary pressures in the domestic markets and an overall moderation of credit offtake
  • Increase in competition due to entry of new domestic and foreign players
  • Evolving regulations and implementation of Basel III norms
  • Government focus on financial inclusion to bring basic banking services to unbanked population of the country
  • Rise in income levels and Government push for infrastructure development translating into high demand for financing
  • Demographic change and income growth leading to change in customer requirements and preferences
  • Rapid innovation in technology leading to newer ways of delivering banking services to customers

To remain competitive and profitable in this rapidly growing market place, market participants needs to consider the following:

  • Proactive monitoring of potential non-performing assets and sourcing fresh capital to grow the asset base as well as meet regulatory requirements
  • Investments in technology and making it an integral part of the business model – to develop new products and new channels
  • Expand network and build an efficient operating model to target and service wider customer base
  • Develop market entry strategy for new markets, new geographies and new lines of business - including gold loans, wealth management, asset management, broking etc.
    • Explore alliances and collaboration with domestic and international players to target new markets, customer segments and expand product portfolio
    • Develop prudent risk management practices

With our deep understanding of the banking industry gained over years of working with clients in this sector, we are adequately positioned to help you in this evolving and challenging business environment. Our dedicated professionals with cross-functional experience provide a range of services tailored to your needs; from tax and regulatory advisory, to business transformation focusing on strategy, operations, human capital, enterprise applications, outsourcing and technology integration. We work with our global offices to bring global experience and insights to our clients in India.

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