FINSEC 2014

FINSEC 2014

Conference Business

Mon, Jul 14, 2014, 03:00 PM -  Wed, Jul 16, 2014, 12:00 AM

http://www.meraevents.com/event/finsec-2014

Contact details
sai kiran
sai kiranj@meraevents.com
9848909990
24-06-2014
Organiser : Prathik Bendapudi
Location details
ITC Kakatiya, Somajiguda Hyderabad , Andhra Pradesh
Somajiguda
Hyderabad - Andhra Pradesh
About us

For registrations and more information please visit :

http://bit.ly/V8zOoY

 

July 14th & 15th

9:30 am to 6:30 pm

 

The global economic crisis of 2008 grew in scale and contagion as the public, globally, started to lose confidence in their banks. India weathered this crisis with reasonable aplomb because our public did not lose confidence in our banking system. However, the crisis offered the Indian banking community an opportunity to learn new lessons. While India’s banking system continued to remain more or less robust, the Indian economy did take a beating and even today the hangover of the global crisis remains.


Six years after the global economic and financial crisis, developed and developing countries alike feel this hangover and are grappling with the aftermath of one of the most deep seated crises of modern times. India has been one of the few countries that have managed to escape the crises relatively unscarred. However, growth rates in the recent past have shown significant decline, more on account of high interest rates and soaring inflation.


It is well established that for the Indian economy to get back on its feet and for growth rate to be restored to our earlier figures of 8 per cent, the banking sector, and by extension the financial sector too, will have to grow at least twice the GDP growth rate. Corporate India, because of high interest rates and the slowdown in economic activity are finding it difficult to sustain their growth. This is reflected in the increasing NPAs of banks driven largely by their corporate clients rather than their retail clients. While the industry looks to revitalise its growth by taking advantage of the small green-shoots of economic activity, it is equally imperative for the financial sector to grow in tandem to meet the growing needs of corporate India. As industry grows and expands across the nation, many financial institutions are now expanding their base to beyond traditional metropolitan cities.

Comments

find us on social media

SUBSCRIBE TO OUR NEWS LETTER

To stay updated with your interests and events