Advertisement
Saturday, Oct 23, 2021
Outlook.com

The Banking War Ahead

Anywhere, anytime, anyhow banking will be a reality when virtual kiosks replace brick'n mortar branches.

The Banking War Ahead
The Banking War Ahead
outlookindia.com
-0001-11-30T00:00:00+05:53

BRITAIN and France were perpetually at war, in the latter part of the 17th century, the under pinnings of which can actually be traced back to the most significant revolution ever in the history of banking— that is, until Net banking came along! The War of 1689-97 was significant, for it went on to determine the fate of banking, as it were. King William set up the Bank of England as an alternative means of funding the war by borrowing from the public, rather than from London’s greedy goldsmiths. There by, he not only won the war, literally speaking— and otherwise— on England’s credit, but also went on to engineer the biggest ever commercial banking revolution in the history of the world, rather accidentally!

A complex web of forces is pushing hard to shape the very entrails of banking. These include the simple, yet powerful truth that banking has come to extend itself far beyond its conventional boundaries and is slowly transforming itself into a buyer’s market from what was a seller- dominated market not long ago. Further,...

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

Smoke And Mirrors: NCB’s Panchnama In Aryan Khan Case Hides More Than It Reveals

NCB’s methods are under the scanner as experts punch holes in ‘panchnama’, arrest memo.

Drugs, Bollywood And Politics: The Dark Underbelly Of Mumbai

Drugs, Bollywood And Politics: The Dark Underbelly Of Mumbai

Intertwining threads connect the business in illegal drugs with the city’s high and mighty.

T20 World Cup: England Take Early Wickets; West Indies - 37/5

T20 World Cup: England Take Early Wickets; West Indies - 37/5

Follow live updates and cricket scores of England vs West Indies, ICC Men's T20 World Cup match in Dubai.

Kashmir: Amit Shah Meets Family Of Slain Cop, Reviews Security On First Visit Since Article 370 Abrogation

Kashmir: Amit Shah Meets Family Of Slain Cop, Reviews Security On First Visit Since Article 370 Abrogation

Amit Shah offered his condolences to the family and handed over documents of appointment to a government job to the deceased police officer Ahmad’s widow, Fatima Akhtar.

Advertisement