Revenue leakage

Summary

Banks are struggling to identify and fix revenue leakages across their income streams. According to Tower Group, the average revenue leakage in Banks is 7%. Similarly, the Financial Journal cites this as an expensive problem for retail and corporate banks to the tune of 10% and 8% respectively of their annual turnover. Plugging such leakages will mean a significant improvement in bottom line for both small and large banks.

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