1/6/2024 0 Comments Turmoil progress u.s. mintThey may now also need to assess performance more holistically to ensure continuous and enduring value creation through operations, customers, employees, and environment and social aspects-any material slippage or weakness in these can devolve into significant profit-and-loss (P&L) and value-creation risks. McKinsey research shows that it is no longer sufficient for corporations to measure performance solely through the lens of financials and profitability taking a broader view on impact is highly relevant for sustained success, with 50 percent increased growth observed in sustainability-focused institutions and increasing investor requirements and workforce expectations around holistic impact. Indian bankers have been tested across operational, reputational, competition, and technology risks and outcomes have been mixed. However, it is becoming increasingly evident that those returns alone cannot guarantee outperformance in shareholder returns. Having withstood the global macroeconomic and interest rate volatility, they are poised to deliver strong financial returns. Indian banks, in contrast, have so far held ground. This article is a collaborative effort by Ranganathan Badrinarayanan, Ashwaryaa Bhatia, Peeyush Dalmia, Satviek Goel, Siddhartha Gupta, Piyushi Jain, Siddhartha Jogidasani, Madhur Maheshwari, and Renny Thomas representing McKinsey’s India office.
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