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Our Bureau

New Delhi , Sept. 14

CONSULTANCY companies are gearing up for business opportunities in the banking sector following the implementation of Basel-II norms in 2006.

According to Mr Ashvin Parekh, Executive Director, Deloitte Touche Tohmatsu, the new norms being implemented presented a huge opportunity for the consulting fraternity.

At a seminar organised by the Indian Institute of Foreign Trade, Mr Parekh said the insurance industry was also poised for changes that could do well with consultancy support. These included an uncertain capital outlook, uneven progress on bancassurance and renewed interest in emerging markets such as China.

In the case of the asset management industry, Mr Parekh said alternative investment opportunities in hedge funds were garnering a major share of institutional investor interest.

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