[SOLVED] The Role of Regional Banks in Globalised Economies

Need help with my writing homework on the Role of Regional Banks in Globalised Economies. Write a 500-word paper answering; Role of Regional Banks in Globalised Economies Introduction Countries that had hitherto been sheltering their agriculture, industry, and services sectors from international competition, have opened their markets to the forces of globalization through negotiations at forums like GATT, UNCTAD, and now, the World Trade Organization. The financial services industry is no exception and the entry of international players into the developing and emerging markets makes it imperative that the regional players reassess their initiatives and strategies for survival and growth.Globalization and the changing role of regional banksGlobalization in essence is a ‘free market economy on a global scale’, without any artificial barriers by governments. This process has opened the floodgates of knowledge-intensive, high-quality products/services from the developed world to the developing countries and they, in turn, are able to market their products/services, based on cheap & abundant skilled / semi-skilled / trained manpower, into the developed markets. In an ideal situation, all economies should benefit and the consumer should get the best value for money.Global giants in the financial services sector conduct a range of operations spanning personal banking to investment advisory services, consumer financing to industrial credit, stock market operations in futures, options and derivatives, merchant banking, underwriting, treasury operations, and the like. These services are extensively backed by technology. To the customer, these banks provide a pleasant experience – from the very ambiance to the fast decision-making processes. This is in stark contrast to the traditional banking model, as practiced by the regional banks which were catering mainly to traders of agricultural products in the beginning followed by ‘directed credit’ as mandated by governments to agriculture and small-scale industries (Guruprasad). Industrial credit is a later development. But the new market situation altered the role of regional bankers significantly. Their growth rates and margins are decreasing, leading to a search for newer initiatives and strategies.Threats and opportunitiesAccording to Guruprasad, the advent of global service providers resulted in the migration of customers from the regional banks and the corresponding loss of business. Added to this, the historical dependence on manual operations began to erode business margins in an environment of rising manpower costs. Industrial clients have also started tapping capital markets more aggressively, reducing their dependence on banks. These developments lead to a re-assessment of the role of regional banks to remain in business competitively and to earn profits for survival and growth. In this process, they have to rely upon their vast network of branches to reach nooks and corners of the customer-base to provide those services, which the global banks can ill-afford to offer.New initiatives and strategiesIn my role as a prospective regional banker, I would:1. Leverage on my strengths in ‘reach’ and ‘familiarity with local conditions’ or, as in telecommunications language, provide last-mile connectivity. For short-term crop loans, there is a usual subsidized refinance facility from state-owned institutions. I would use my bank’s own funds or take recourse to global banks’ refinance, for extending credit to trade & small and medium scale enterprises to generate profitable business. Thus I will turn traditional sources of business in trade and agriculture into niche markets. Here the risks are minimal.2. Win back urban customers, by inducting technology, since personal banking is an important source of cheap funds.3. Create facilities like the ATMs and networks that permit internet/phone banking, if required, as a pooled service in association with other regional bankers. This will reduce investment and costs can be shared.4. Participate in fee-based services like underwriting and merchant banking.5. I would join hands with global players in providing merchant banking services, especially where customers show a preference to work with regional banks. According to Guruprasad, this is quite a common experience.ConclusionAs the saying goes, if you cannot beat them, join them! I will do just the same.ReferencesGuruprasad M. Asst. Professor (Economics), AICAR Business School, Mumbai.“Banking in the New Millennium” &lt. http://www.indiainfoline.com/bisc/ari/mill.pdf.&gt. (accessed on March 15, 2006.


So much stress and so little time? Take care of yourself: let us help you with your task on
[SOLVED] The Role of Regional Banks in Globalised Economies
Get a 20% Discount on this Paper
Get Help Now

Haven’t found relevant content or pressed for time? –Don’t worry,  you have a team of Business professionals to help you.

All you need to do is fill in the order form in the upper right corner and upload the files that are crucial for your assignment. Also, don’t forget to specify whether your assignment has to be based upon specific research, theory, method, or program. After that, we will assign the most suitable expert to complete your assignment. You can always chat with your expert and ask any questions you have during the working process.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Get personalized services with Do My Homeworkk
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Thank you! :)
Customer 452493, May 14th, 2022
Thank you
Customer 452445, August 20th, 2021
Business Studies
I can't even explain how much your help meant to me. Thnk you always
Customer 452443, November 15th, 2021
Excellent services!
Customer 452443, November 11th, 2021
Looks good. Thank you!
Customer 452523, September 27th, 2022
Thank you
Customer 452445, September 8th, 2021
Good work, professional and beat the deadline. Thank you so very much
Customer 452445, August 24th, 2021
Although the paper did not make it at the requested time, the writer did reach out to me and asked for a short extension which I was okay with.
Customer 452493, March 16th, 2022
Thank you!
Customer 452493, March 16th, 2022
Business and administrative studies
Thank you so much for your help!!!!!
Customer 452519, November 9th, 2022
Customer 452493, April 12th, 2022
A well-researched paper. Delivered before the deadline as well. Extremely pleased !!
Customer 452445, August 20th, 2021
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Order your essay today and save 15% with the discount code ESSAYHELP