While the global economy is going through extreme headwinds, exposing
tremendous volatility in demand; economic slowdown; disruption in the supply chain; sharp
rise
in energy and other commodity prices; rising inflation, and interest rate hikes. In such an
environment, the Indian economy remains relatively better placed than other emerging markets
and
global economies but is not entirely insulated from the impact of the global crisis.
On the regulatory side, RBI, like other Central banks has taken various
steps
to curb inflation, arrest the rupee's slide and build a stronger and more resilient economy.
The
effects of this are anticipated to have a positive impact on the financial sector and the
larger
economy.
On that note, the health of our financial system looks good as its well-capitalized,
showing
improvement in asset quality & balance sheets, and banks returning to profitability.
In
this transformational journey, India's banking & financial sector is undergoing
continual change to maintain sustainable growth as the sector is still addressing the
gaps
exposed by the global financial crisis and economic slowdown. In these evolutionary
times,
as new issues keep surfacing and challenging the very core of the traditional banking
business, the road to future growth and development in the economy is built on the
foundation of a vibrant, resilient and well-functioning financial sector
Against this backdrop, the Business Today Banking & Economy Summit will bring
together
policymakers and regulators; senior executives of the banking and financial services
sector,
fintech companies, big tech companies, aggregators, card companies, etc to discuss some
of
the key trends & issues related to the evolving business and operating environment
in
the banking & financial industry.
