Essays on rational absurdity of banking
In a recent survey we found 86% of participants reported Banks and FIs to be the biggest spammers. Banks need to realise that every interaction with customers, existing or potential, is a moment of truth. Pestering only leads to increased trust deficit as the customer starts to see an ‘aggressive marketer’ and not a ‘trusted partner’
A quick look at data on Currency in circulation in India and the world. While the Currency in Circulation (CIC) as a % of GDP is a good indicator, it has its own limitations. Overall Cash in the economies, the world over, has been increasing.
Archegos Capital (AC), a New York based family office, was in news recently for its inability to meet margin calls by lenders. Wall Street was jittery reminiscing the nightmares of LTCM. Media stocks like Viacom tumbled 25-30% while marquee Investment Banks like Nomura and Credit Suisse indicated significant losses. We cut through the clutter of media reports, deep dived, simplified the story and picked a lesson or two for us bankers.
India has lagged behind the world in increasing ATM network. While the network grew from 1 Lakh ATMs in 2012 to 2.35 Lakhs in 202, it was still low. Building physical infra is always a costly affair!
In this storyboard, we looked at deep dived into data and got everything you need to understand India’s ATM story, at one place.