PESTEL of Barclays in India
PESTEL of Barclays in India
PESTEL of Barclays in India
Barclays
Barclays is a British multinational banking and financial
fourth-largest of any bank worldwide (after BNP Paribas, Deutsche Bank and HSBC). existence.
PESTEL of Barclays
Political Factor
MONETARY POLICY
Political (Cont..)
The repo rate stands at 8% from 8.50% earlier. Reverse repo rate is now at 7% from 7.50% earlier. Cash Reserve Ratio (CRR) reduced by 75 basis points from 5.5% to 4.75 % with effect from. This reduction will inject around Rs.48,000 crore of primary liquidity into the banking system to ensure smooth flow of credit to productive sectors of the economy.
Terrorism
Economic Factors
The
Indian economy has recorded remarkable growth over the past decade.
Social Factors
Indian banking system has been progressing rapidly. There are ample opportunities for the banks to cover
untapped rural market. Yet, banking facilities are not available in many rural areas.
Small-scale industries would remain important for banks. Changes could be expected in near future for unorganised
sectors.
Technological Factors
Indian banking industry has been consistently working towards the
development of technological changes and its usage in the banking operations for the improvement of their efficiency. expected to reduce costs, time and give customer satisfaction.
added services. Core banking applications helps to provide complete front and backend automation of banks.
data faster leading to faster appraisal and decision-making. This would enable banks to make credit management more effective, besides leading to an appreciable reduction in transaction cost.
Technological (cont..)
Internet banking
It can be considered a remarkable development in the banking sector. The ability to carry out banking transactions through the Internet has empowered customers to execute their financial transactions within the comfort of their homes and offices. Internet Banking helped give the customer's anytime access to their banks. Mobile usage has seen an explosive growth in economies like India.. With Mobile Banking, customer can check their account balance, transfer funds 24 x 7, bills payments, booking of bus / flight tickets, recharge prepaid mobile and do a lot more effortlessly and securely. Banking through cell phone benefits the banks too. It cuts down on the cost of tele-banking and is more economical.
Technological (cont..)
ATM Automated Teller Machine is electronic machine, which is operated by a customer himself to deposit or to withdraw cash from bank.
ATMs reduce the work pressure on bank's staff and avoid queues in bank premises.
ATMs are of great help to travelers. They need not carry large amount of cash with them. They can withdraw cash from any city or state, across the country and even from outside the country with the help of ATM.
Legal Factors
Stamp Duties and Duties levied by the states and
their rates depend on the state at which the branches are located.
Tax issues associated with the conversion of foreign