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Bank Of America Essay

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ACTION LEARNING PROJECT

STUDY OF RETAIL LOAN PRODUCTS FOR SBI SINGAPORE

BY
Mrigank Bhushan
GSEP14IT56
Mrigank.gsep14@spjain.org
+65 83154133

1. Introduction

State Bank Of India, with a 200-year history is the largest commercial bank in India, with it being ranked 60th in the list in the top 1000 banks in the world. With over 20,000 plus branches in India and another 190 foreign offices spread over 36 countries across the world, it is currently a supremely large organization with pan globe presence. For the purpose of this Report the focus will encompass the working of one of the Global SBI wings that is present in the Asia Pacific region, Singapore. This project Report is an endeavor to understand the Retail Loan products …show more content…

Bank of America (BOA)
9. SBI
10. Barclays Bank

Each of the above mentioned Banking organizations have a strong presence within the Singaporean Markets and for that reason alone there are many avenues and conduits through which they use the multiple Banking products to cater to a very large Market.
As product portfolios are created, there are some definitive champions in the class of customers they service and the amount of funds they generate to plough back into their business to create more shareholder value and provide to the customer delight. Some banks like DBS utilize lots of front end funding to capitalize on building up on emerging technological proficiency, and creating large branches with classy infrastructure and attract customers.
Following is a brief critique on the Banks mentioned above and their product offerings within the Singapore Retail Loan market. …show more content…

It has pan Asian presence and for a very large audience it has the best branch infrastructure, and the best digitally active and technologically endearing Banking Systems. In the Customer Loan market, it has the vast presence of servicing Loans to the tune of 275 Billion SGD across the multiple geographies that it operates within. DBS over the years has developed fancy solution in digital channels and over the past year has enjoyed the growth of 8% increase in Online Banking users and 28% increase in Mobile Banking users. Among the many accolades that it has received over time, some of the most prominent were the award for “Domestic Technology & Operations Bank of the Year” and “Singapore Domestic Retail Bank of the Year”.It is also known for its immaculate Online Banking initiatives and has received kudos for it being the 10th strongest Bank in Singapore. The table below shows the various product offering from DBS, it is interesting to note though that it does not have Premium Financing as one of its Loan product

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