Economics · Banking Management
Which of the following represents the most critical internal constraint in New Product Development (NPD) for a large, established Public Sector Bank (PSB)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Over-reliance on other fee-based services for revenue generation
- 2Legacy Core Banking Systems (CBS) and the high cost and complexity of integration with new features✓
- 3Excessive reliance on external vendors for the distribution of third-party products
- 4Lack of customer demand for new credit or deposit products
Correct answer
Legacy Core Banking Systems (CBS) and the high cost and complexity of integration with new features
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