Mon, Jul 14, 2014, 03:00 PM - Wed, Jul 16, 2014, 12:00 AM
http://www.meraevents.com/event/finsec-2014
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.
Wed 10-Feb-2021
Thu 04-May-2023