Banking Transformation Summit

Delighted to have participated in the inaugural CNBC-TV18 Banking Transformation Summit.

The event provided an exceptional platform to absorb the wisdom of industry veterans, who not only established renowned institutions but also continue to guide them through transformative journeys as part of India's ambitious USD 5 Trillion goal. Engaging with these visionary leaders, who are actively shaping the evolution of the Indian Banking Industry, was truly enriching.

Mr. Uday Kotak's vision of propelling India towards a USD 30 Trillion economy by 2040 was particularly inspiring. He emphasized the significance of establishing enduring organizations capable of transcending a century, surpassing their original founders. Citing examples like Apple, JP Morgan, Goldman Sachs, and drawing from Lord Alfred Tennyson's verse "men may come and men may go but I go on forever," he underscored the evolution of banking from physical to digital, and now to a state of "Digical" fusion.

Mr. K V Kamath, currently in his new avatar as Independent Director and Non-Executive Chairman of Jio Financial Services Limited, stressed the continuous pursuit of learning, particularly from the insights of the younger generation. He advocated the necessity for organizations to embrace novelty and utilize technology as a tool for disrupting business models. This, he argued, would facilitate straight through processes benefiting clients.

The invaluable perspectives shared by esteemed figures like Mr. CS Setty, MD of SBI, Mr. Prashant Kumar, MD & CEO of Yes Bank, Mr. Shyam Srinivasan, MD & CEO of Federal Bank, and Mr. Ashu Kullar, CEO Citi India were noteworthy. Their discussions spanned digital transformation, accentuating the importance of skill development to manage human resources at various tiers. They also shed light on the transition from corporate lending to retail lending, driven by digital disruptions, and envisioned an expanded role for banks in infrastructure development. A note of caution resonated as well, urging vigilance against cyber risks even during prosperous times.

Special recognition goes to Mr. Vishnu Dusad, MD of Nucleus Software, for establishing an exemplary organization that simplifies global access to financial services. His achievements stand as a guiding beacon for aspiring entrepreneurs.

Distinguished participants such as Ms. Chetna Sinha, Chairperson of Mann Deshi Bank, Ms. Sucharita Mukherjee, CEO of Kaleidofin, Ms. Shinjini Kumar, CEO of SALT app, Mr. Srinivasu MN, Co-founder of Billdesk, and Mr. Rishi Gupta, MD & CEO of Fino Payments Bank, illuminated the symbiotic relationship between Fintech and Banking, particularly in the context of collaboration and lending for the new economic landscape.

Insights poured in during discussions led by Mr. Umesh Revankar, Executive Vice Chairman of Shriram Finance Ltd, Mr. Rajiv Sabharwal, MD & CEO of Tata Capital, Mr. Jairam Sridharan, MD of Piramal Capital and Housing Finance, Mr. Ramesh Iyer, Vice Chairman & MD of Mahindra Finance, and Mr. Alok Aggarwal, CEO of Muthoot Home Finance, where the focus centered on the emerging framework for NBFCs and their future development strategies.

Gratitude to CNBC TV18, Shireen Bhan, Lata Venkatesh, and Prashant Nair for extending the invitation and providing this enriching opportunity.

At Impactsure Technologies Private Limited , we are thrilled to contribute to the transformative journey of the Indian Banking Industry, and in realizing the USD 5 Trillion economy aspiration and beyond.

Challa Sreenivasulu Setty Prashant Kumar Ashu Khullar Vishnu R. Dusad Chetna Gala Sinha Sucharita Mukherjee Shinjini Kumar Srinivasu MN Rishi Gupta Umesh Revankar Rajiv Sabharwal Jairam Sridharan Ramesh Iyer Alok Aggarwal

CNBC-TV18

Nucleus Software

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