What is the future of banking industry?

The future of banking will be driven by major technological changes and will transform drastically. The future of banking is ‘Digital’. The COVID-19 pandemic has re-designed our lives in terms of how we shop, work, even how we bank, and this has led to a major change in customer behaviour.

Which public sector banks are going to private?

Central Bank of India and Indian Overseas Bank are reported to be probable candidates for privatisation. The government has budgeted ₹1.75 lakh crore from stake sale in public sector companies and financial institutions, including two PSU banks and one insurance company, during the current financial year.

Does India need more banks?

Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Sunday said India would need four or five more banks like the SBI to support economic growth. “The way in which the economy is shifting to a different plane altogether, the way in which industry is adapting, so many new challenges keep arising.

Which bank gives best service in India?

List of Best, Safe Banks in India

• 1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake.
• 2) State Bank of India.
• 3) ICICI Bank.
• 4) AXIS Bank.
• 7) Kotak Mahindra Bank, IndusInd Bank.

Which bank will not be privatised?

Also, State Bank of India is not being privatised. This leaves the room open for only six banks – UCO, IOB, Central Bank, Bank of Maharastra, Punjab and Sind Bank, and Bank of India for privatisation.

Is there a future in investment banking?

The future will likely require that investment banks shed non-core assets and redesign their service delivery around a connected flow model—moving capacity and processes among various geographies and ecosystem partners—and optimize the use of financial technology, data, and analytics to generate differentiated insight …