Seminar on “Bankex: Banking experience of the future & Banker’s Meet”
Symbiosis University of Applied Sciences (SUAS), Indore, organised a seminar on “BANKEX- Banking experience of the future and Banker’s Meet” on 15th February 2020. The Seminar got inaugurated by Vice Chancellor of Symbiosis University of Applied Sciences. The key note address was given by senior level official from RBI. The seminar was attended by 14 national and regional level banks including SBI, HDFC, ICICI, RBL, AU Bank, Suryodaya Bank and others.
In the key note address, the emerging challenges for the banks were discussed. It was emphasised that the governance, quality of audit, proper compliance, adequate supervision, risk management practices are the key drivers to strengthen banking system of the country. The merger of the banks is a big step forward in the sense that it will make the Banks too big to fall. Dr. Sanjay Kumar, Vice Chancellor of the University stressed upon the strengthening of economic parameters of the country and said that all bankers, financial institutions, researchers, economists and academicians are required to work day in out to meet the target of 5 Trillion economy. He also said that Foreign Direct Investment in the country has increased over 100 million in last few years, this is a very positive sign. He emphasized over structured reforms across all sectors and inclusive growth.
It was discussed that Insolvency code has played an important role in banking sector and banks are now changing “Creditors Model” to a “Debtors Model”. The lending behaviour is now studied carefully prevent banks from accumulating more NPA. There are efforts to monetise assets in case of serious defaults.
The panel discussion at the end gave fresh insights into the banking experience and customer expectation. It was opined by the experts that the basic character of Banks is changing now. Traditional banking system is giving way to new-age banking system, where customer is the king. Banking solutions are provided on a platter by different banks at the doorstep of the customer. Today’s customer needs “banking” and not banks. He needs end-to-end solution.
Discussions also cantered around “Inclusive banking” and enhancing the banking outreach. In this connection, the role of Jan Dhan Yojana was lauded.
The seminar ended with a very positive note on the future of banking and ability of the banks to bring smile on the poorest of the poor of our country. MBA and E-MBA students also participated to enhance their knowledge.