Ideas in Brief
This chapter sheds light on the understanding and the proposed impact factors of new banking imperatives. It demonstrates that traditional banks located in developed countries should show increased interest in partnering with institutions from developing markets. Banks in India versus Germany operate in very different environments. However, to some extent, they face the same challenges of global banking transformation. By comparing India and Germany, mutual interrelations are analyzed according to a set of proposed impact factors. Through providing an in-depth view on the impact of future success factors in banking, we contribute to the discussion about the transformational forces for banking institutions and point to potential opportunities. We identified opportunities in each other’s home market to support growth. Further, we point to the fact that sharing best practices, for example, with regulation could improve each other’s efficiency. Moreover, we see indications for further consolidation by foreign players in India.
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Schmitt, M.G., Gautam, T. (2017). Transformation of Banking Institutions: Comparing Germany and India. In: Ellermann, H., Kreutter, P., Messner, W. (eds) The Palgrave Handbook of Managing Continuous Business Transformation. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-60228-2_7
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