FINACLE TRAINING INSTITUTES FULL
Post Graduate Diploma in Banking Management by TIMESPRO: This four-month programme offers full placement assistance with the assurance of at least five employment opportunities.
The easing of regulations to allow new players is a welcome move towards encouraging healthy competition and widening the array of choices available to consumers. The RBI also authorised large corporate houses as bank promoters while increasing the cap on the promoter’s stake to 26% from the current 15%. At the same time, increased competition from the fintech sector has forced many banks to accelerate their digitisation and widen their ambit of services.Īs the Reserve Bank of India approves the conversion of large NBFCs (with asset size exceeding ₹50,000 crore) to banks, it will lead to healthy competition among peers. These companies have facilitated the reach of traditional banks by helping them connect with new customers. Fintech is the catalyst for bringing in the transformation in the sector for growing the fastest globally with an 87% adoption rate compared to the global average of 64%.
While established players dominate the banking industry, we can expect to see a widening role of Fintech and Non-Banking Financial Companies (NBFCs). This evolution necessitates a paradigm shift in training programmes to equip students with technical proficiency and strengthen their fundamental banking concepts. Emerging technologies such as Artificial Intelligence and Machine Learning continue to revolutionise banking services that will accelerate the pace of transformation. With new technologies changing the status quo, along with various pandemic-driven changes, we are witnessing the emergence of an employee-centric approach to facilitate contactless and paperless banking. The Indian banking industry has gone through a technological shift over the past two decades, moving from a brick-and-mortar set-up to establishing a robust digital presence.
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