31 Jan 2018|Noida | F2 Auditorium
Banking Conclave on theme “New Horizons in Banking – 2018 and Beyond” at Amity University
Toabreast the students about emerging trends and challenges in banking sector,Amity School of Insurance, Banking & Actuarial Science (ASIBAS) organizedone day Banking Conclave on theme “New Horizons in Banking – 2018 and Beyond” atAmity University Noida Campus, Sector 125.
Theconclave aimed to provide a platform for exchange of ideas and to findactionable solutions for problems related to banking industry.
Welcomingthe gathering, Mr. A.P. Singh, Director, ASIBAS said that the bankingtrends have been through a significant transformation in India which are drivenby digitization, deregulation and democrat. He mentioned that about 1/5thof the banking industry is looked after by Reserve Bank of India under the PCA(Prompt Corrective Action) plan and they require major shake up to be part ofthe competitive industry. He opined that RBI needs to layout stringentguidelines as many banks follow dubious practices and PCA is triggered onlywhen the damage is already done. Mr. Singh lauded the efforts of Government tochange and simplify the banking scenario in India. The banks have now developedcustomer friendly technology.
Addressingthe gathering, Mr. Balachandran M., Former Non Executive Chairman - NationalPayments Corporation of India, Mumbai said that this decade is goingto be a defining decade for banking sector which will happen by bringingequitable wealth creation through inclusive banking, by adopting technologydriven products and services and by producing products as per the requirementsof new generation customers. Mr. Balachandran apprised that due to lack oftechnology initially, only 50% of population had proper access to bankingservices. He emphasized that digitization has resulted in 24*7 banking servicethat has made banks more accessible and approachable to people. He called uponthe students to explore career opportunities in the banking sector and alsoresearch for new technological innovations that can be introduced to makebanking further easier.
Speakingon the occasion, Mr. Rakesh Bhatia, General Manager, Bank of Baroda saidthat the banking landscape has become more competitive due to variouschallenges that aroused after the entry of new banks, small finance banks,payment banks, NBFCs, Fintech companies. He shared the banks which do notchange in the fast changing environment are at risk of losing relevance. Mr.Bhatia further briefed about innovations in Digital Banking and said Governmenthas been vigorously promoting digitization of banking industry by givingimpetus to digital transactions to make India a cashless economy. He apprisedthat in the coming years, the brick and mortar bank branches will losesignificance and customer centric digital technology will be prominent as adifferentiator between successful banks and rest of the players.
Duringthe day, panel discussion were held on various topics including “DigitalBanking - Innovation is the way forward”, “Lending to MSME Sector - Challenges& Opportunities” and “New Frontiers in Risk Management in Banks” which weredeliberated upon by various eminent banking experts including Shri DeviShankar Mishra, General Manager (IT) - SBI Head Office, Mumbai; Mr. RahulSinha, Dy. General Manager, Reserve Bank of India; Dr. K.S. Rao , Director, NationalInstitute of Banking Studies and Corporate Management (NIBSCOM), Noida; Mr.Anant Upadhyay -Chief Vigilance Officer -New India Assurance Ltd. & NABARDLtd; Shri Vijay Prakash, Zonal General Manager, National Small IndustriesCorporation Ltd., North - I, Noida and Mr. Raman Aggarwal, Chairman - FinanceIndustry Development Council, Sr. VP - Head Corporate Affairs, Srei EquipmentFinance Ltd., New Delhi amongst others.