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This Article is From Apr 09, 2021

BFSI Sector Outlook - Digitisation, Cost Structure, Consolidation And More: ICICI Securities

BFSI Sector Outlook - Digitisation, Cost Structure, Consolidation And More: ICICI Securities

BFSI Sector Outlook - Digitisation, Cost Structure, Consolidation And More: ICICI Securities
An employee uses an Apple Inc. iPad inside the DBS Group Holdings Ltd. flagship bank branch in Singapore. (Photographer Ore Huiying/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Top long-term trends in the financial sector are:

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

  1. Digitisation has been fast tracked and is enabling business transformation in the form of next-level personalisation and customer journey mapping, efficiency to value creation, collaborative digital ecosystem in niche segments, partnering with fintechs and shift towards data aggregation.

  2. Expansionary counter-cyclical fiscal policy with focus on reviving growth suggests India Inc. is on cusp of releveraging (post deleveraging phase) and we are at an inflection point of credit growth.

  3. Entire cost structure is being reimagined and a few overheads would be shaved off permanently (e.g. real estate requirement) as online processing reduces cost of customer acquisition/service, etc.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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