Strengthening of IT in banks

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Emerging India: Economics, Politics and Reforms
Bimal Jalan

Indian banking's tech tale

Information technology (IT) has immense untapped potential in banking, writes Bimal Jalan in one of the essays included in Emerging India: Economics, Politics and Reforms. Strengthening of IT in banks could improve the effectiveness of their asset-liability management, and building up a related database on a real-time basis would enhance the forecasting of liquidity greatly even at the branch level, which could contribute to enhancing the risk management capabilities of banks, he adds.

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