Indian Banks Recovering

The State Bank of India increased its NII by 22% in the last financial year by focusing on transaction banking through which they leveraged technology to provide comprehensive solutions for corporates and large institutional clients. Transaction banking facilitates efficient fund management for bank...

Full description

Saved in:
Bibliographic Details
Published in:Economic and political weekly 2021-01
Main Author: Salwan, Prashant
Format: Article
Language:English
Subjects:
Artificial intelligence
Banking industry
Banks
Banks (Finance)
Computer services industry
Coronaviruses
Cost control
COVID-19
Credit management
Franchises
Liability
Loans
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The State Bank of India increased its NII by 22% in the last financial year by focusing on transaction banking through which they leveraged technology to provide comprehensive solutions for corporates and large institutional clients. Transaction banking facilitates efficient fund management for bank clients plus customised management information system (MIS) helps in value-added services for clients who, thus, create a close relationship. Financial services firms have the opportunity to help consumers and businesses weather the economic downturn and navigate the current storm by implementing the strategies of resilience, focusing on core operating profitability and core profitability, and come out faster from COVID-19’s negative effects to become early exiters.
ISSN:0012-9976