BS Marketing Initiative

Book a front-row seat to see India's financial future unfolding with BS BFSI Summit 2022

.

September 26, 2022 11:46 IST | Saumya Mishra
BFSI

From driving the financial system with Prime Minister Narendra Modi’s Digital India campaign to processing payments in a jiffy, India’s financial sector (with a stress on financial inclusion) has travelled thousands of miles. At present, India’s financial sector is growing at nearly 8.5% annually. Be it the booming capital markets or the rising insurance sector, the emergent venture capital market or the innovative banking sector, or the acceptance journey of cryptocurrencies in the country – the ‘financial sector’ bus in India’s growth journey is not one that you want to miss. 

With as many as 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1,485 urban cooperative banks, and 96,000 rural cooperative banks, India’s banking sector is sufficiently capitalised, well-regulated and one of the most extensive in the world, according to the RBI. The total asset value of the entire banking sector in India is nearly US $270 billion, with total deposits at nearly US $220 billion currently.

The BFSI sector is accelerated by technological innovations and fast-changing business environments. Indian tech leaders are now looking for new ways to redefine their transformation strategy, outgrow competition and remain in the race. Automation and data privacy continue to be priorities for IT leaders from the BFSI sector.

Sailing smoothly past international crises, India’s financial regulators have helped build one of the world’s strongest banking and financial systems so far. India is now being injected with more competition by allowing different classes of banks and financial service providers. With the government stepping in with policies that will make it easier to do business here, India is set in the right direction towards its financial destination.  

And nothing sounds sweeter to the world’s progressive entities than getting a front-row seat to get a 360-degree view of India’s financial history in the making – or, better still, becoming a part of it.

Assuming the worst is behind us, BS BFSI Summit 2022 is back on the ground to ask the question that will lay the path for India’s financial future. With stakeholders and policymakers discussing some of the hottest topics on the Indian financial turf, BS BFSI Summit 2022 will be held in the third week of December 2022 in Mumbai.  For business opportunities write to us @shailendra.kalelkar@bsmail.in

 

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .