Challenges Of Retailing And India - 1301 Words

CHALLENGES OF RETAILING BANKING IN INDIA: 1. Generation Next segment: (426 million young Indian between age group of 15-34 years see life and life-style very differently)- This is going to be the target in immediate future. It is currently urban phenomenon but it would not be too long when it will emerge in rural India also. They are tech-savvy and prefer electronic channel. They seek financial information from variety of sources and are very fickle shoppers. Banks will have to leverage technology and develop E-based products to tap this segment 2. Rural segment is one from where fresh demand of retail loan is being generated. PSBsare in real advantage as they have good network of rural and semi-branches where competition is less and opportunities are more. 3. Cross selling and up selling : is a very successful way of improving volumes. As a strategy existing customers should be offered products where profit margins are more e.g. offering car loan, furnishing loan etc. to existing housing loan customers. Further based on contribution of the customers to bank, differential-pricing strategies such as discount in interest, as relation ship waiver has to be evolved. 4. Housing loan has large potential -: House today is better affordable through loan. Tax breaks have spurred credit demand. RBI move to cover home loan up to Rs. 20 lakhs under priority sector has made the banks to push harder the home loan product. The SARFAESI Act has increased level of comfort as bankShow MoreRelatedAnalyzing The Matching Process : Human Resource Management And Competitive Strategies Essay1472 Words   |  6 Pagesachieving the goals of a franchise firm. Ashok Som(2006) in the paper titled â€Å"Bracing for MNC competition through innovative HRM practices: The way ahead for Indian firms† has concentrated on the emergence of Multinational companies in the organized retailing in India. Further, the paper has concentrated on the impact of MNC competition on Indian retail firms. The author has supported the need for innovative HRM practices by the Indian firms to tackle with the competition from Multi National Companies. TheRead MoreBig Bazaar - Indian Walmart - Case Study1305 Words   |  6 PagesCase Study: Big Bazaar – The Indian Wal-Mart Retail industry: The last decade has experienced a fundamental change in the Indian retailing industry structure, with a very perceptible shift from unorganized kirana and small independent shops to organized retailing such as retail chains and franchised outlets. This gradual shift is attributed to increased purchasing power along with aspirational demands of a segment driven by exposure to the Westem world because of media. An NCAER studyRead MorePotential Between India s Tier II And Tier IIi Cities Essay1361 Words   |  6 Pagesto a trend towards annual retail sales growth of 12.2 percent. An increasing number of people in India are turning to the services sector for employment due to the relative low compensation offered by the traditional agriculture and manufacturing sectors. The organized retail market is growing at 35 percent annually while growth of unorganized retail sector is pegged at 6 percent. Though the retailing sector is growing rapidly, some of the constrains are restricting its growth. Apart from the regulationsRead MoreThe Emerging Trends Of Indian Organized Retail Sector Essay1340 Words   |  6 PagesThe emerging trends in the Indian organized retail sector would help the economic growth in India. There is a fantastic rise in the Indian organized retail sector in a very short period of time between 2001 and 2016. Eventually, out of the shadows of the unorganized retail sector, India has a chance of tremendous economic growth, both in India and abroad. The retail industry is the largest industry in India, with an employment of around 8% and contributing to over 10% of the country’s GDP. DrivenRead MoreFactors Influencing Consumer Behaviour Of Reliance Fresh ( Reliance Retails )1344 Words   |  6 Pagesadvertising. In the 2000s, a n increasing amount of retailing occurs online using electronic payment and delivery via a courier or via postal mail. Retailing as a sector includes subordinated services, such as delivery. Retailing in India is one of the pillars of its economy and accounts for about 22 percent of its GDP. The Indian retail market is estimated to be US$ 500 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets inRead MoreOrganized Retail Sector Essay1340 Words   |  6 PagesBefore the entry of organized retail sector in India, in unorganized retail sector, millions of people are forced to get their livelihood in the informal way as this was the sector where easy entry was possible with low capital and infrastructure needs and it acted as shelter for many unemployed. Traditional forms of low cost retail trade, from the owner operated local shops and general stores to the handcart and pavement vendors together form the bulk of this sector. But the growth of the supermarketsRead MorePantaloons Case Study1544 Words   |  7 PagesCase Study2: Pantaloons Retail India Limited Abstract: This case talks about Pantaloons Retail India Limited, a growing company in the still nascent apparel retail sector in India. The case has brief description of the Indian Retail industry and the changes happening in the industry with the development of smaller cities and towns and also about the customers changing behavior. The case then discusses about how Pantaloons have are capturing this market and the evolution of the Pantaloons store brandsRead MoreLiterature Review-Fdi in Retail1349 Words   |  6 Pages AN EMPIRICAL STUDY OF THE GROWTH PROSPECTS AND PROFITABILITY OF FDI IN RETAIL SEGMENTS OF INDIA Submitted to: Prof. Sapna Parashar Date: 23-07-2008 Submitted by: Arnab Sinha 071108 INDEX INDEX 2 CONCEPTUAL ANALYSIS 3 Summary of Retail Market in India and FDI in Indian Retail 3 LITERATURE REVIEW 5 1. Literature Review-1 5 2. Literature Review-2Read MoreMarketing Agencies Should Collaborate With Organizations Of Unorganized Retailers For Direct Procurement From Suppliers Essay1707 Words   |  7 Pagesupgrade their operations. 3. Assist the formation of co-operative retailing of kirana stores, which can make available the products from direct procurement from manufacturers and farmers due to this reduction of intermediaries is possible and kirana stores can get their merchandise at lower price and farmers also get better prices for their produce. 4. There is a possibility of the co-existence of the organised and unorganised retailing in Thane District. But such coexistence be rationalized largelyRead MoreLvmh Strategic Analysis1631 Words   |  7 PagesChallenge statement: Despite worldwide softness in the sale of luxury goods, LVMH has cemented its position as the world s largest and most profitable player in the category. To stay there it must keep its customers loyal and its brand strong and find new markets worldwide (Hazlett C. 2004). That is why in its mission they state to represent the most refined qualities of Western art de vivre all around the world. Their objective is to be the leader in the luxury market, continuing to transmit