News: Fresh models required by new banks to flourish

As per the market sources, new banks will have to develop a fresh business model to succeed, including making profits in rural areas and tackling risks associated with technology and cash management.

RBI is currently in the process of shortlisting applicants for new banking licenses. However, licences are being issued after a gap of about a decade and those to have applied in the current round also include Shriram group, India Post, LIC Housing, IDFC, Indiabulls, JM Financial, India Infoline and Edelw.

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SENTIMENT AVERTING FROM INVESTING

The last 12 months for automobile industry has been a steady decline. It has been an extremely tough year especially the commercial vehicles have been hard it. As per TOYOTA it’s sentiment that is preventing people from investing.

As per SIAM GDP growth of 4 to 4.5% is not enough, to experience super growth in the automobile industry it should be 6.5-7 or 8%.

India has potential to be competitive in manufacturing provided the industry concentrate on people, skill development and our process that adheres to concentration on quality. And secondly look out at strategies for market India and factory India.

If you want to know more about the used vehicle industry click here: http://www.youtube.com/watch?v=aSj1oAY6goE