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'Top-tier banks well-placed to deal with tech disruptions' - The Hindu BusinessLine

‘Top-tier banks well-placed to deal with tech disruptions’
January 18, 2021
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But banks’ low profitability and weak asset quality present difficulties in boosting digitalisation, says S&P Global
Digital disruption poses a relatively low risk to India’s top-tier banks’ long-standing market position, according to S&P Global Ratings.
“We believe India’s top-tier private-sector banks and State Bank of India (SBI) are well-placed to deal with tech disruptions, given their dominant market positions and continued investments in technology,” said credit analyst Deepali Seth-Chhabriain a report.
The agency, however, underscored that the banking system’s low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned banks and smaller private-sector banks. ....

Deepali Seth Chhabriain , State Bank , Tech Disruption , Retail Banking , Top Tier India Banks Lead , Unified Payment Interface , Reserve Bank , Digital Disruptions , நிலை வங்கி , தொழில்நுட்பம் இடையூறு , சில்லறை வங்கி , மேல் அடுக்கு இந்தியா வங்கிகள் வழி நடத்து , ஒருங்கிணைந்த கட்டணம் இடைமுகம் , இருப்பு வங்கி ,

Top-tier Indian banks lead digital change: S&P

Top-tier Indian banks lead digital change: S&P
ANI |
Updated: Jan 18, 2021 17:54 IST
In a report titled Tech Disruption in Retail Banking, it said COVID-19 restrictions have been a boost for Unified Payment Interface (UPI). The value of transactions processed via the UPI almost doubled in June to November 2020 from the same period a year ago.
We expect this shift in consumer preferences to remain. Rising smartphone penetration, increasing internet connectivity, and the young, tech-savvy demographic segment present vast opportunities in India for existing banks and new players.
The Reserve Bank of India and the government have also been pivotal in laying the foundation and raising the bar for development of fintech in the country, said S&P. ....

Deepali Seth Chhabria , Tech Disruption , Retail Banking , Unified Payment Interface , Reserve Bank , State Bank , Deepali Seth , S Amp Ampp Global Ratings , India 39s Digital Disruption , Top Tier Banks , Unified Payment Interface Upi , Technology Led Banking Solutions , Mobile Payment Users , Fintech Companies , தீபாளி சேதி சாப்ரியா , தொழில்நுட்பம் இடையூறு , சில்லறை வங்கி , ஒருங்கிணைந்த கட்டணம் இடைமுகம் , இருப்பு வங்கி , நிலை வங்கி , தீபாளி சேதி , கள் ஆம்ப் அம்ப்ப உலகளாவிய ரேடிஂக்ஸ் , இந்தியா டிஜிட்டல் இடையூறு , மேல் அடுக்கு வங்கிகள் , ஒருங்கிணைந்த கட்டணம் இடைமுகம் உப்பி , தொழில்நுட்பம் வழிநடத்தியது வங்கி தீர்வுகள் ,

Indian Banks' Low Profitability, Weak Asset Quality Pose Difficulty in Boosting Digitisation: S&P

S&P Global Ratings on Monday said India's banking system's low profitability and weak asset quality present some difficulties in significantly boosting digitalisation for several state-owned and smaller private-sector banks. ....

Deepali Seth Chhabria , Tech Disruption , Unified Payment Interface , State Bank , Digital Disruption , S Amp Ampp Global Ratings , தீபாளி சேதி சாப்ரியா , தொழில்நுட்பம் இடையூறு , ஒருங்கிணைந்த கட்டணம் இடைமுகம் , நிலை வங்கி , டிஜிட்டல் இடையூறு , கள் ஆம்ப் அம்ப்ப உலகளாவிய ரேடிஂக்ஸ் ,