Israel India | Business Guide | 2017

Sensing vehicle , All the way 098 > Services > Banking in India Israel-India > Business Guide > 2017 Services > ERM - Fleet Management / Telematics ERM:Design,Develop andManufacture innovative fleet management and vehicle security solutions I f you are aTelematics or a Fleet Management service provider, this will interest you: The ERMStory - Flexibility and Control! While other telematics hardware vendors offer shelf solutions, ERM offer highly flexible and professional solutions. ERM offers: • Extremely flexible protocol with plenty of configurable parameters that can support any platform or service requirements • Flexible and modular hardware-based solutions • Highly configurable alerts, notifications and rules • Full design,development andmanufacturing service,to support any new service required by our partners ERM Advanced Telematics offers solutions that allow you to fully define and control the services that you offer to your customers and differentiate yourself from competitors while Expanding Your Business! Established in 1985,Israel-based ERM focuses on the design,development andmanufacturing of innovative vehicle security and GPS/GSM tracking and telematics solutions. ERMoffers a different and better way tomanage fleets and provide telematics services - easy to use, simple to understand and fast to implement. Our solutions are based on a wide variety and highly modular hardware products for safety and telematics applications,enabling greater protection and better management over vehicles and valuable assets,while lowering operational costs for both the service provider and its customers. With approximately 1.5million active telematics devices installed and in operations inmore than 55 countries, ERM has established itself as a global leader in the fleet management industry. ERMhas a growing presence in India,marketing, sales and support teams to support our local partners. info@ermtelematics.com | + 9 11141345553 E xpanding reach, improving credit- wor thiness, introducing new technology – India’s banking sector expected to improve India’s banking sector is sufficiently capitalized and well-regulated.Credit,market and liquidity risk studies suggest that Indian banks have withstood global downturns well. Indian banking has witnessed the roll out of innovative banking models like payments and small finance banks. Market Size Public-sector banks control nearly 80 percent of the market,thereby leaving comparatively much smaller shares for its private peers.Banks are also encouraging their customers tomanage their finances usingmobile phones.Standard Suf ficiently Capitalized and Well-Regulated & Poor’s estimates that credit growth in India’s banking sector would improve to 11-13% in FY17 from less than 10 per cent in the second half of FY14. Government Initiatives • The Reserve Bank of India (RBI) has released the Vision 2018 document,aimed at encouraging greater use of electronic payments by all sections of society by bringing down paper- based transactions, increasing the usage of digital channels,and boosting the customer base for mobile banking. • To reduce the burden of loan repayment on farmers, a provision of $ 2.2 billion has been made in the Union Budget 2016-17 towards interest subvention. • The RBI plans to soon come out with guidelines, such as common risk-based know-your-customer (KYC) norms,to reinforce protection for consumers.A large number of Indians have now been financially included post the government’s massive drive to open a bank account for each household. Road Ahead Enhanced spending on infrastructure,speedy implementation of projects and continuation of reforms are expected to provide impetus to growth.Advancements in technology have brought the mobile and Internet banking services to the fore.Many banks are exploring the option to launch contact-less credit and debit cards in the market shortly allowing customers to transact without having to insert or swipe. Source:IBEF,Dept.of Commerce & Industry,Govt. of India photo by: © Singhlens, Dreamstime.com