The tremors beneath
The banking sector is cornering a lot of mind space these days and it is perfectly reasonable also. After the meteoric rise of the IT, ITES and BPO industry, the acclaimed inception of the pharmaceutical success and then the subsequent excitement around the auto-ancillaries and tier II suppliers, it is high time that the financial and banking sector of India showed some signs of hidden potential breaking through.
Well, sample this and you might agree that the giant is finally stirring and responding to the pebbles of time:
“A look at the international scene suggests that, size does matter. To put things in perspective; State Bank of India is three times the size of Bank of America (BoA). SBI is reaching 90 to 100 m customers while BoA has 30 m customers. But if you look at assets, BoA has more than a trillion dollar of assets as against SBI’s asset size of Rs 4,000 bn. That gives BoA the muscle to cut costs and amplify earnings.” –equitymaster.com
Feeling interested? Then go on and find out more about how Indian banks could hope to equal the global money monarchs.
On behalf of FINAX
Abhishek Tripathi
Link contribution by
Akshay Gupta
Well, sample this and you might agree that the giant is finally stirring and responding to the pebbles of time:
“A look at the international scene suggests that, size does matter. To put things in perspective; State Bank of India is three times the size of Bank of America (BoA). SBI is reaching 90 to 100 m customers while BoA has 30 m customers. But if you look at assets, BoA has more than a trillion dollar of assets as against SBI’s asset size of Rs 4,000 bn. That gives BoA the muscle to cut costs and amplify earnings.” –equitymaster.com
Feeling interested? Then go on and find out more about how Indian banks could hope to equal the global money monarchs.
On behalf of FINAX
Abhishek Tripathi
Link contribution by
Akshay Gupta
posted by FINAX at
2:29 PM
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