Shaping Future of Financial Institutions: India Banking Conclave

Luminaries, experts, and visionaries are gathering as part of India Banking Conclave 2024 in New Delhi to chart a transformative course for India's financial institutions

FinTech BizNews Service

Mumbai, January 12, 2024: Luminaries, experts, and visionaries are gathering as part of India Banking Conclave 2024 at Shangri La Eros in New Delhi today and tomorrow to chart a transformative course for India's financial institutions. Niti Aayog is the Knowledge Partner of the Conclave.

In a rapidly evolving economic landscape, the India Banking Conclave 2024 emerges as a pivotal platform, convened by the Council for International Economic Undertaking (CIEU), to deliberate and illuminate the path forward for India's financial institutions. As the nation steers through significant transformations, this conclave serves as a catalyst for shaping the roadmap toward a $10 trillion economy over the next decade. And as the Prime Minister Narendra Modi has given the dream to the country of becoming developed by 2047, these institutions are required to be more robust

Resilient Comeback Post-COVID

In a world where India shines as a beacon of hope and growth, the revival of its financial institutions stands as a central pillar of economic resurgence. Multilateral agencies acknowledge India's potential, while recognizing the imperative need to rejuvenate the financial sector. Amidst these endeavors, India endured the rigorous process of cleansing and fortifying its financial foundations in recent years.

Consolidation and Evolution

A paramount shift manifests in the consolidation of financial institutions, marked by structural strengthening and meticulous cleanup of their balance sheets. Public sector banks underwent mergers, shrinking their numbers from 22 to a more robust 12. Amidst them, a diverse array of private sector banks, regional rural banks, small sector banks, payment banks, State Co-Operative banks, scheduled Urban Co-Operative banks, and foreign banks operate within India's financial landscape.

Redefining Stability

The meticulous cleansing of banks' books and those of their patrons, corporations, and governments exemplifies the sustained efforts to re-establish financial stability. Through institutionalizing debt management and activating bankruptcy regulations, the journey to a healthier financial ecosystem materialized. The significant reduction of the gross Non-Performing Assets (NPA) ratio—from 15.5 percent in 2018-19 to 5.8 percent by December 2022—underlines the positive trajectory.

Charting Credit and Deposits

Analyzing the recent past, credit growth observed a CAGR of 0.62 percent during FY16-FY22. By FY22, total credit extended surged to an impressive US$ 1,532.31 billion. Simultaneously, deposits witnessed a CAGR of 10.92 percent, culminating in a remarkable US$ 2.12 trillion by FY22. The growth of bank assets across sectors to US$ 2.67 trillion in 2022 signals a robust trajectory.

Digital Transformation in Focus

In tandem with growth, the expansion of bank accessibility prevails. With over 213,145 ATMs across India, including rural and semi-urban areas, and an influx of 480 million new clients via Jan Dhan accounts, technology amplifies both efficiency and service innovation. Reforms within the NBFC, MFI segments, and cooperative lenders bolster these efforts.

Agenda 12 Jan

10:30 AM to 11:10 AM Inaugural Session

• Nirmala Sitharaman, Minister of Finance of India
• Rajeev Chandrasekhar, Minister of State, Skill Development and Entrepreneurship of India 

11:10 AM to 11:50 AM HOT TOPIC: Indian Debt, Indian Problems, Indian Solutions

• Atanu Chakraborty, Chairperson, HDFC
• Padmanabhan Raja Jaishankar, MD & CEO, IIFCL 
• Prof NR Bhanumurthy, Vice Chancellor, Dr BR Ambedkar School of Economic University
• Sushil Maroo, Director, BC Jindal Group MODERATOR: Asheesh Pandey, Executive Director, Bank of Maharasthra 

11:50 AM to 12:30 PM BIG DEBATE: The Journey of Consolidated Banks

• Prof. M Jayadev, Professor, IIM Bangalore
• Ajay Nanavati, Former Chairman, Syndicate Bank
• Rajiv Kishore Dubey, Former Chairman & Managing Director, Canara Bank
• Mohan Tanksale, Former Chairman & Managing Director, Central Bank of India
• Srinivasan Varadarajan, Chairman, Union Bank of India MODERATOR: Madhav Nair, Deputy Chairman, Indian Banks’ Association 

12:30 PM to 01:10 PM BIG IDEA: Vision for 2047 

• Shamika Ravi, Member, PM-EAC 
• Saji Narayan C.K., Former President, Bharatiya Mazdoor Sangh
• Dr Ashwani Mahajan, Co-convenor, Swadeshi Jagran Manch MODERATOR: Dr Charan Singh, Chairman, Punjab & Sindh Bank

01:50 PM to 02:30 PM DIGITAL FOOTPRINTS:

Making of the e-Bharat Prelude: T. Rabi Sankar, Deputy Governor, Reserve Bank of India

• T Koshy, CEO, ONDC 
• Dilip Asbe, CEO, NPCI 
• Vijay Shekhar Sharma, Founder One97 & Paytm MODERATOR: Asheesh Pandey, Executive Director, Bank of Maharashtra

02:30 PM to 03:10 PM AGENDA of GLOBAL SOUTH: Future of Multilateral Development Banks 

• NK Singh, Former Member Rajya Sabha 
• Surjit Bhalla, Former Executive Director, IMF MODERATOR: Sachin Chaturvedi, Director General, RIS

The MASTERCLASS Powered by VIVECHNA January 12 03:00 PM to 5:00 PM | VIKSIT BHARAT: Strengthening the FinTech Brigade 05:00 PM to 07:00 PM | GROUND REPORT: Decoding the Bankruptcy Code

03:10 PM to 03:50 PM DEVELOPING TO DEVELOPED: Financing the Growth Story PRELUDE: Mahesh K. Jain, Former Dy Governor, Reserve Bank of India • Gopal Krishan Agarwal, Official Spokesperson, BJP • Montek Ahluwalia, Deputy Chairman of the Planning Commission • Vivek Joshi, Secretary to the Government of India, Department of Financial Services, Ministry of Finance • Rajkiran Rai G, MD, NABFID • Ramesh Chand, Member of NITI Aayog MODERATOR: Rajiv Singh, Former Non-Executive Director, Union Bank of India

03:50 PM to 04:30 PM BACKROOM BOYS: Refinancing the ReGrowth Story

• S.K. Hota, Managing Director, National Housing Finance • Charan Singh, Chairman, Punjab & Sind Bank • S.S. Acharya, Chief General Manager, SIDBI • Sachindra Nath, Vice Chairman & Managing Director, UGRO Capital • Sandeep Menon, Founder Managing Director and CEO at Vastu Housing Finance MODERATOR: Raman Agarwal, Director FIDC

04:30 PM to 05:10 PM REAL BHARAT STORIES: Financing the Real India

• Satish Marathe, Functional Director, Reserve Bank of India • Jyotindra Mehta, President, NAFCUB • Shaji K.V., Chairman, NABARD • Suresh Prabhu, Member of Parliament, Rajya Sabha • R.S. Sodhi, President, Indian Dairy Association MODERATOR: Anil Sharma, Former Non-Executive Director, UCO Bank 

05:10 to 05:50 PM POWER PUNCH: Building FinTech Story in India

• Gaurav Kumar, CEO, YuBi • Alok Bansal, Co-founder, Policybazar.com • Vishwas Patel, Jt MD, Infibeam Avenue • Gopal Srinivasan, CEO, TVS Capital • Sharad Sharma, CEO, ISPIRT Foundation MODERATOR: Yash Erande, Boston Consulting Group

05:50 PM to 06:30 PM POWERFUL CONVERSATION: Future of Banks in India 

• Jayant Sinha, Member of the Lok Sabha, Chairman- Standing committee on Finance MODERATOR: Ila Patnaik, Former Principal Economic Advisor to the Government of India 

06:30 PM to 07:10 PM BLUEPRINT:

• The Banks in Viksit Bharat • Vivek Joshi, Secretary to the Government of India, Department of Financial Services, Ministry of Finance MODERATOR: Anilesh Mahajan, Senior Journalist, India Today

07:10 PM to 07:50 PM GURU SPEAKS: Searching Spiritual Tools in age of AI 

• Swami Vigyananand, Founder, World Hindu Foundation MODERATOR: Banuchandar Nagarajan, Commentator & Public Policy Expert 

JANUARY 13, 2024 

10: 30 AM to 11:10 AM THINKING LAB: Digital Innovation & Bank

• Ashok Jhunjhunwala, Chairman of International Institute of Information Technology, Hyderabad • Sanjeev Sanyal, Member EAC- PM • Shaurya Doval, Executive Member of BJP Uttarakhand • Rajnish Kumar, Former Chairperson, State Bank of India • Sanjeev Bikhchandani, Founder & Executive Vice Chairman Info Edge • P. Vasudevan, Executive Director, Reserve Bank of India MODERATOR: Sharad Sharma, CEO, iSPIRT Foundation 

11:10 AM to 11:50 AM FOCUSED PLAYERS: Rebuilding India post-COVID

• Shamika Ravi, Member PM's Economic Advisory Council, India • H.P. Singh, Chairman, Sadhan • Umesh Revankar, Executive Vice Chairman, Shriram Finance Ltd. • Baldev Prakash, MD and Chief Executive Officer of J&K Bank Ltd. • Ramesh Iyer, Vice Chairman & MD, Mahindra Finance • N.S. Vishwanathan, Chairman, Axis Bank MODERATOR: Raman Agarwal, Director FIDC 

11:50 AM to 12:30 PM GLOBAL SUJOURN: India at Centre of the World 

• Rajiv Kumar, Chairman, Pahle India Foundation, Former VC, NITI Aayog 
• Avanidhar Subrahmanyam, Prof. of Finance, University of California Los Angeles 
• Sumant Sinha, Chairman and Managing Director of ReNew Power
• Luis Breuer, IMF Senior Resident Representative to India 
• Amar Sinha, Secretary, Economic Relations, Ministry of External Affairs MODERATOR: Veni Thapar, Non- Executive Director, Bank of India

January 13 10:30 AM to 12:00 PM

She Power - Viksit Bharat ki Nayi Paribhasha: A Masterclass in Women’s Journey of Navigating Leadership Roles 12:00 AM to 01:00 PM CAPITAL MARKETS: Navigating Markets Amid International Conflicts — New Fractures & New Futures 02:30 PM to 04:30 PM | REAL WATCHDOGS: Art of Asking Right Question

12:30 PM to 01:10 PM Bharat First: India & Global Financial Architecture

• Amitabh Kant, PM’s Sherpa to G20, Former CEO, NITI Aayog • Sachin Chaturvedi, DG, RIS • Rajnish Kumar, Former Chairperson, State Bank of India MODERATOR: Nagesh Kumar, DG, ISID and Former Chief Economist, UNCAD 01:00 PM to 01:40 PM

HOT DEBATE: Case for DeGovernmentalisation of Banks, or not 

• Sachin Chaturvedi, Director General, RIS • Harsh Vardhan, Bain & Capital • Dr Ashwini Mahajan, Board of Governors- CIEU • M Damodaran, Chairperson of Excellence Enablers • Ajit Pai, Strategy Lead Partner, EY; Ex Niti Aayog MODERATOR: Anil Sharma, Former Non- Executive Director, UCO Bank 

02:20 PM to 03:00 PM SPECIAL SESSION: The Banks & $10 trillion India 

• Shri B.V.R. Subrahmanyam, Chief Executive Officer of NITI Aayog MODERATOR: Anilesh Mahajan, Senior Journalist, India Today 

03:00 PM to 03:40 PM IN CONVERSATION: Can the Next Decade be India's Era 

• V. Anant Nageshwaran, Chief Economic Advisor to the Government of India MODERATOR: Veni Thapar, Non- Executive Director, Bank of India 

03:40 PM to 04:30 PM BHARAT TALES: Financing the Last Man 

• Sushil Modi, Member Rajya Sabha & former Deputy CM, Bihar • Sundeep Nayak, Director General, National Productivity Council • Satish Marathe, Functional Director, Reserve Bank of India MODERATOR: Anil Sharma, Former Non-Executive Director, UCO Bank

04:30 PM to 04:55 PM CONCLUDING NOTE: Conclave Briefing by 

• Dr Ashwani Mahajan, Co-convenor, Swadeshi Jagran Manch 
• Rajnish Kumar, Former Chairperson, State Bank of India 
• Charan Singh, Chairman, Punjab & Sindh Bank Sachin Chaturvedi, Director General, RIS 

04:55 PM to 05:30 PM VELEDICTORY NOTE: Financing Multi-Trillion Dream 

• Piyush Goyal, Minister of Commerce & Industries, Textiles.