While the transformation has been dramatic, it remains incomplete in several ways including the incomplete access to credit and asset quality strains. At the same time, there are unique opportunities on the horizon which make this one of the most exciting times for players in the industry. Bankers must take action now, more than ever, to grasp the opportunities and meet challenges presented by the onset of the revolution in Indian banking.
With the potential long term transformations in mind, Oliver Wyman “dials back” its views to the medium term horizon and try to lay out an agenda for today’s bankers which we believe will position them well to survive and thrive in the coming new world. This agenda focuses on addressing the present challenges in risk and capital, re-inventing client value propositions and rebuilding the people and organisational foundations of their banks.
