concept   banking
culture   India
statement   In India, in-person transactions, gold trading, and mobile banking are key aspects of the banking industry.

7 similar statements
# Concept Culture Statement Freq.
1 bank India Visiting a bank branch to conduct financial transactions is still the norm, as online banking is less prevalent and trusted. 1
2 banking India Banking transactions often involve a significant amount of in-person interactions at bank branches, with a focus on cash transactions and paper-based documentation. 1
3 banking India Not typically associated with offshore banking and secrecy 1
4 banking communication India Regular use of SMS and app-based messaging for quick updates and customer communication is prevalent in banking. 1
5 banking industry India Banks play a significant role in gold trading and offer specialized gold deposit schemes. 1
6 banking technology India Mobile banking is widely used for easy transfer of funds and access to financial services, especially in areas with limited access to traditional banks. 1
7 online banking India Increasing in popularity but still viewed with skepticism due to concerns about security and access to technology 1