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What are the challenges of Retail Banking in India?

0 5 Views | Posted a year ago
Asked by Shiksha User

  • 1 Answer

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    Answered by

    Akansha Bisht | Contributor-Level 10

    5 months ago

    The youth of India is more comfortable with Retail banking technology and prefer to use it. Retail Banking offers a door of opportunity to Banking sector. Thoug it also has certain challenges like:

    • The requirement to find ways to disseminate financial services and retail banking products and awareness.
    • The ability to customer satisfaction and solve issues, as soon as possible.
    • Customizing banking experience for the consumer.
    • Rising indebtedness is also a big challenge.

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