Tue Aug 28 HKT (over 3 years ago)
In your timezone (EST): Tue Aug 28 12:00am - Tue Aug 28 12:00am
Four Seasons Hotel Mumbai
1/136, Doctor E Moses Road, Worli, Mumbai, Maharashtra 400018, India
Indian banking industry stood out for its resilience after it emerged unscathed from the global financial crisis of 2008. A lot has changed since then. The banks that were feted for their rootedness then, seem shaky today as they stand crushed under bad loans worth $1.45 billion as of March 2018.
While legacy banking has been a source of grief, India’s stride towards digitization and financial inclusion has brought a lot of cheer. Inhabiting more than 1500 startups, India today is one of the largest fin-tech hubs globally. Fintech has also emerged as one of the most funded sectors. According to VCCEdge, the data and research division of News Corp VCCircle, fin-tech companies raised more than $2 bn in funding in 2017.
Digital payments, lending, financial solutions for those living in India as well as Bharat, UPI riding on the back of UIDAI, are developments that have seen global giants such as Facebook, Google, and Amazon make a fervent pitch in the country.
A recent report by Google and Boston Consulting Group said that digital payments in India will likely grow from $50 bn in 2016 to $500 bn in 2020. This frenzied growth is bound to drive action in larger finserv segments such as insurance, wealth management, lending and even banking.
The emergence of payment banks and the steady progress made by small finance banks are other developments taking shape on the periphery that have the potential to disrupt the sector in the coming years.
Executive Director and Co-head, Consumer and Financial & Business Services, Avendus Capital
Managing Director and India Head, Financial Institutions, Bank of America
Co founder and CEO, Indifi
Head - Digital Lending, RBL
Executive Director and Co-head, Consumer and Financial & Business Services (CFB), Avendus Capital
CEO, Motilal Oswal Real Estate
Head real estate, Mirae Asset Global Investments
Partner - Private Equity, Actis
Senior Partner, Barings Private Equity
Executive Director and Co-head, Digital & Technology, Avendus Capital
Founder & CEO, Kissht
R Baskar Babu
MD & CEO, Suryoday Small Finance Bank
MD & CEO, Avendus Finance
Founder, Managing Director & CEO, Vastu Housing Finance
Co founding partner, Quona Capital
Managing Director & CEO, Indiashelter
Founder & CEO, PaySense
Co founder & CEO, Of Business
Director - Investments, Omidyar Network
Deputy MD, Indiabulls Housing Finance
Partner, AZB & Partners
2018 Sponsors and Partners
• AZB & Partners
• VCC Edge