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	<title>Mohit Verma Blog&#187; Mohit Verma&#8217;s Blog</title>
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		<title>Social Community Efforts From Banks &amp; Financial Institutions</title>
		<link>http://www.mohitvermablog.com/2010/01/social-community-efforts-from-banks-financial-institutions/</link>
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		<pubDate>Fri, 22 Jan 2010 12:44:47 +0000</pubDate>
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				<category><![CDATA[Social Media]]></category>
		<category><![CDATA[Banks]]></category>
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		<category><![CDATA[Financial Institutions]]></category>
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Banking and Finance Industry is very competitive. Customers are becoming impatient and loyalty for brands is decreasing. Slowly brands are realizing that they can no longer appear monolithic, imposing and they need to find new ways to engage customers to retain and build relationships.
Web in its new avatar (Social Media)  facilitate interactive information sharing, interoperability, [...]]]></description>
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