Banks have to adapt to altering buyer preferences to stay aggressive: CEA

Chief Financial Advisor to the Centre, V Anantha Nageswaran has stated banks ought to adapt to altering buyer preferences and market dynamics as a way to stay aggressive.

He highlighted the essential position of agriculture in driving financial development at an occasion organised by public sector Indian Financial institution right here on Saturday.

In his remarks on the subject ‘Indian Financial system and Banking: Progress and Developments”, Nageswaran careworn on the significance of technological developments in driving development and innovation within the trade.

The CEA, in a press launch issued by the Financial institution, emphasised the necessity for banks to adapt to altering buyer preferences and market dynamics to stay aggressive.

  • Additionally learn: India’s import duties are too excessive, should come down, says CEA Nageswaran

He hailed the Indian Financial institution for its efforts to put money into information sharing and excellence and lauded its initiative below the MSME Prerana programme which is aimed toward coaching the entrepreneurs.

In his tackle, Indian Financial institution Managing Director and CEO S L Jain stated, “We’re delighted to have Dr Nageswaran sharing his insights on the Indian economic system and its implications on the banking sector.”

“The interplay would undoubtedly profit all of the contributors and assist them higher perceive the challenges and alternatives dealing with the trade,” he added.



#Banks #adapt #altering #buyer #preferences #stay #aggressive #CEA