10 Jun 2021 5:00pm IST
(5 months ago)
In your time zone: Jun 10 7am EDT
“India Banking Summit 2020” with the theme “The Next Generation of Banking” seeks to provide a platform for industry stakeholders to work out a road map for unleashing the true potential of the sector. The discussions at the forum would focus on the ongoing changes including the evolution in the Banking Industry, Consumer values, Technological disruptions, Digitization etc.. with a view to understand the influence of these developments on Banking business and explore the need for operations excellence; new products and a pool of next gen leaders to sustain high growth in the present changing financial environment.
Transformation is the main focus of the Dynamics of Banking Business in India. With evolving & demanding needs of customers, insurers have been deriving growth mainly through improvising on product offerings as per people’s aspirations, adopting vibrant distribution channels and reaching out to potential customers through targeted promotional activities. Growing middle class, expanding working age population and increasing disposable income levels in the country are some of the factors that are expected to propel the growth of the industry in coming years. Moreover, government of India’s initiatives towards attaining financial inclusion and accommodating regulatory regime will further offer necessary support to this growth.