General Trading Chat
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Move towards full digitization is also a great move. It was first brought by Singapore's DBS bank. I opened Digibank account with DBS last year just by Aadhar card. The next day their guy came to my house with a finger print scanner and took my finger scan and voila my account was opened up in seconds. One negative side of DBS bank debit card is that it does not work with many international sites, especially poker and betting sides. So you have to rely on Kotak and ICICI's cards.
Meanwhile ALL PSU banks are as usually sleeping. They have no idea about digital banking. Their employees are third rate, ill-informed, their cards don't work etc. They are pathetic to the core. In the next 10-15 years mass migration of user will take place from PSU banks to private banks. I see demise of all PSU banks - and they deserve so. In the long term, share price of all PSU banks shall be zero. ALL PSU banks are Kingfisher Airlines in the making, ironically it took loan from them and run away.
Meanwhile ALL PSU banks are as usually sleeping. They have no idea about digital banking. Their employees are third rate, ill-informed, their cards don't work etc. They are pathetic to the core. In the next 10-15 years mass migration of user will take place from PSU banks to private banks. I see demise of all PSU banks - and they deserve so. In the long term, share price of all PSU banks shall be zero. ALL PSU banks are Kingfisher Airlines in the making, ironically it took loan from them and run away.
Aisa nahi hai bhai .......
In todays time technology in banking has become like a commodity ... every tom dic & harry (banks) have technology products ....
In 90ies ICICI Bank boasted about 500+ ATMs and Internet Banking ....
Today all banks have ATM / Internet Banking / Mobile banking /Digital Banking etc etc etc .....
Even the Regional Rural Banks are now on Core Banking .....
THE ONLY NEW thing in KOTAK announcement and your DBS is .... instant account opening digitally thru a mobile app ....
apart from this there is nothing in banking technology which PSU bank like SBI is not having ...... SBI's Internet Banking already had feature ... since way back in 2007 ... Virtual Credit Card ..... but their most customers use SBI's Mastercard or Visacard because ..... as you have mentioned ..... Virtual Card donot work everywhere like Mastercard or Visa ...... and for that matter even the Rupay Card dont work everywhere .....
My point is that in banking industry the perceptionof PSB going kingfisher way due to lack of technology is .... MISPLACED ....
Anyway today technology in banking has become like a commodity ...... any organisation (Banks) can pay and hire a IT company from the market and get the required technology .......
After All ...... Private / Foreign do not have got PATENT on technology products ....:lol:
Regarding PSU Banks focus on technology .....
Aisa nahi hai bhai .......
In todays time technology in banking has become like a commodity ... every tom dic & harry (banks) have technology products ....
In 90ies ICICI Bank boasted about 500+ ATMs and Internet Banking ....
Today all banks have ATM / Internet Banking / Mobile banking /Digital Banking etc etc etc .....
Even the Regional Rural Banks are now on Core Banking .....
THE ONLY NEW thing in KOTAK announcement and your DBS is .... instant account opening digitally thru a mobile app ....
apart from this there is nothing in banking technology which PSU bank like SBI is not having ...... SBI's Internet Banking already had feature ... since way back in 2007 ... Virtual Credit Card ..... but their most customers use SBI's Mastercard or Visacard because ..... as you have mentioned ..... Virtual Card donot work everywhere like Mastercard or Visa ...... and for that matter even the Rupay Card dont work everywhere .....
My point is that in banking industry the perceptionof PSB going kingfisher way due to lack of technology is .... MISPLACED ....
Anyway today technology in banking has become like a commodity ...... any organisation (Banks) can pay and hire a IT company from the market and get the required technology .......
After All ...... Private / Foreign do not have got PATENT on technology products ....:lol:
Aisa nahi hai bhai .......
In todays time technology in banking has become like a commodity ... every tom dic & harry (banks) have technology products ....
In 90ies ICICI Bank boasted about 500+ ATMs and Internet Banking ....
Today all banks have ATM / Internet Banking / Mobile banking /Digital Banking etc etc etc .....
Even the Regional Rural Banks are now on Core Banking .....
THE ONLY NEW thing in KOTAK announcement and your DBS is .... instant account opening digitally thru a mobile app ....
apart from this there is nothing in banking technology which PSU bank like SBI is not having ...... SBI's Internet Banking already had feature ... since way back in 2007 ... Virtual Credit Card ..... but their most customers use SBI's Mastercard or Visacard because ..... as you have mentioned ..... Virtual Card donot work everywhere like Mastercard or Visa ...... and for that matter even the Rupay Card dont work everywhere .....
My point is that in banking industry the perceptionof PSB going kingfisher way due to lack of technology is .... MISPLACED ....
Anyway today technology in banking has become like a commodity ...... any organisation (Banks) can pay and hire a IT company from the market and get the required technology .......
After All ...... Private / Foreign do not have got PATENT on technology products ....:lol:
BTW ...... if PSU banks will go Kingfisher way ....
It will be due to NPAs .....:rofl:
Not due to lacking in technology ...
Regarding PSU Banks focus on technology .....
Aisa nahi hai bhai .......
In todays time technology in banking has become like a commodity ... every tom dic & harry (banks) have technology products ....
In 90ies ICICI Bank boasted about 500+ ATMs and Internet Banking ....
Today all banks have ATM / Internet Banking / Mobile banking /Digital Banking etc etc etc .....
Even the Regional Rural Banks are now on Core Banking .....
THE ONLY NEW thing in KOTAK announcement and your DBS is .... instant account opening digitally thru a mobile app ....
apart from this there is nothing in banking technology which PSU bank like SBI is not having ...... SBI's Internet Banking already had feature ... since way back in 2007 ... Virtual Credit Card ..... but their most customers use SBI's Mastercard or Visacard because ..... as you have mentioned ..... Virtual Card donot work everywhere like Mastercard or Visa ...... and for that matter even the Rupay Card dont work everywhere .....
My point is that in banking industry the perceptionof PSB going kingfisher way due to lack of technology is .... MISPLACED ....
Anyway today technology in banking has become like a commodity ...... any organisation (Banks) can pay and hire a IT company from the market and get the required technology .......
After All ...... Private / Foreign do not have got PATENT on technology products ....:lol:
Aisa nahi hai bhai .......
In todays time technology in banking has become like a commodity ... every tom dic & harry (banks) have technology products ....
In 90ies ICICI Bank boasted about 500+ ATMs and Internet Banking ....
Today all banks have ATM / Internet Banking / Mobile banking /Digital Banking etc etc etc .....
Even the Regional Rural Banks are now on Core Banking .....
THE ONLY NEW thing in KOTAK announcement and your DBS is .... instant account opening digitally thru a mobile app ....
apart from this there is nothing in banking technology which PSU bank like SBI is not having ...... SBI's Internet Banking already had feature ... since way back in 2007 ... Virtual Credit Card ..... but their most customers use SBI's Mastercard or Visacard because ..... as you have mentioned ..... Virtual Card donot work everywhere like Mastercard or Visa ...... and for that matter even the Rupay Card dont work everywhere .....
My point is that in banking industry the perceptionof PSB going kingfisher way due to lack of technology is .... MISPLACED ....
Anyway today technology in banking has become like a commodity ...... any organisation (Banks) can pay and hire a IT company from the market and get the required technology .......
After All ...... Private / Foreign do not have got PATENT on technology products ....:lol:
One Funny Thing about SBI.......
In SBI's Internet Banking (onlinesbi . com) .....
There are many features that .....
even the branch staff of SBI is not aware of ......:lol::rofl:
One Funny Thing about SBI.......
In SBI's Internet Banking (onlinesbi . com) .....
There are many features that .....
even the branch staff of SBI is not aware of ......:lol::rofl:
In SBI's Internet Banking (onlinesbi . com) .....
There are many features that .....
even the branch staff of SBI is not aware of ......:lol::rofl:
These features are in internet banking and may not be at branches
Actually, staff at branches, do not want to learn more than, what they need for daily work. :lol:
Thats the reason, why
These features are in internet banking and may not be at branches
Actually, staff at branches, do not want to learn more than, what they need for daily work. :lol:
These features are in internet banking and may not be at branches
Actually, staff at branches, do not want to learn more than, what they need for daily work. :lol:
I see that (in general) ... the new and young staff (joined not many years back) ... have different attitude .... yes .. but there are exceptions ... everywhere ..
I dont track Havells .... But is a great brand and have good presence in market ......
IF Chart is supporting .... one can buy ....
One funny thing about Bull Market is that .... ON CHARTS .... you will get many stocks ....
Breaking out of previous Resistance Level ...... New 52 Weeks High .. etc ..
Investor will have really tough time choosing among those ....
BUT as long as the trend is intact ...
One can make money on any of those stocks ....
As saying goes ... all roads leads to Rome ..... and during Bull period ... not only all roads .... but also numerous gullies lead to Rome ....
IF Chart is supporting .... one can buy ....
One funny thing about Bull Market is that .... ON CHARTS .... you will get many stocks ....
Breaking out of previous Resistance Level ...... New 52 Weeks High .. etc ..
Investor will have really tough time choosing among those ....
BUT as long as the trend is intact ...
One can make money on any of those stocks ....
As saying goes ... all roads leads to Rome ..... and during Bull period ... not only all roads .... but also numerous gullies lead to Rome ....
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