Professional Documents
Culture Documents
economy
IDRBT Foundation Day
November 6, 2012
2
genda
Tec!no"ogy # disru$tive c!ange in banking
transforming India
T!e future of Indian banking
3
genda
Tec!no"ogy # disru$tive c!ange in banking
transforming India
T!e future of Indian banking
4
Im$rove
o$erationa"
efficiency
%inimise
costs
&nab"e
!ig!'s$eed
$rocessing
""o( data
ca$ture and
data mining
Banking sector ear"y ado$ters of tec!no"ogy
Im$rove customer e)$erience (it! en!anced interna"
efficiency
Disru$tion in banking
5
Deve"o$ments $ost t!e year 2000
RT*+ ,200-.
1
N&FT ,200/.
2
@o( affordabi"ity
Increased
affordabi"ity
s$irations of a
better "ifesty"e
0er ca$ita
*D0 at =+B
2,/00'-,000
cce"erating
consum$tion
cyc"e
&ar"y 2000
2002'2011
2012'2011
201:'2021
16
genda
Tec!no"ogy # disru$tive c!ange in banking
transforming India
T!e future of Indian banking
17
Tec!no"ogy for t!e masses
3n"y 102 !ave "ife insurance
A 12 !ave genera" insurance
3n"y 22 !ave a credit card
/62 of India<s !ouse!o"ds avai" of banking services
3n"y 152 !ave an T% C Debit card
T!e c!a""enge is in banking 100 mi""ion $eo$"e in
600,000 vi""ages in c"ose to 600 districts
18
4!anne" innovation
Driving sca"e and $rofitabi"ity
&asy ;D4
+mart cards
03+ mac!ines
@o( cost T%s
%obi"e $!ones
@o( cost branc!
RT*+
1
F N&FT
2
@o( band(idt!
*0R+ connectivity
1. Real time gross settlement system
2. National electronic funds transfer
21
=niEue identity number
0re"iminary ;D4 and (ider acce$tance