CNBC-TV18 Banking Transformation Summit explores Bharat’s banking roadmap for the future

Prominent figures from banking and finance sector came together to analyse India’s

rapid economic growth, with banking and financial institutions at the forefront

Mumbai | September 3, 2024 : CNBC-TV18 in partnership with Nucleus Software hosted the second edition of the ‘Banking Transformation Summit’ on Friday, bringing together banking professionals, policymakers, and finance experts under one roof. This year’s theme, ‘Bharat’s Banking Roadmap For The Future’, highlighted the economic growth of India, and the crucial role of financial and banking institutions in driving this progress.

achieves a higher level of financial inclusion than we have seen in the previous decade,”

he noted.

In a fireside chat on new age digital lending, Vishnu R. Dusad, MD C Co-founder, Nucleus Software highlighted the importance of data protection. “With the new data protection act now in place, banks and NBFCs must reassess their approach to data handling. This involves not just the usage of data, but also its capture, storage, and overall management. We are entering an era where data truly is the new oil, and its value will only continue to grow. However, with this value comes the responsibility to ensure that this data is not misused or abused. It’s imperative that no individual feels their personal information is being exploited or mishandled. There must be a substantial recalibration in how financial institutions manage data, focusing on robust policies and systems that prevent data from falling into the wrong hands. The most important thing is to ensure data is handled with the utmost care and security. With the right measures in place, banks can build trust and confidence among their customers, ensuring data protection is a top priority."

"At CNBC-TV18, India's most credible & influential business news platform, we're proud to focus on issues and sectors that are key to the Growth of our economy. The CNBC- TV18 Banking Transformation Summit brought together the very best of India’s financial sector to brainstorm on the future of banking while addressing current opportunities & challenges. In partnership with our collaborators, the Summit generated a robust dialogue on what it will take to build a more resilient and dynamic banking system," said Shereen Bhan, Managing Editor, CNBC-TV18.

Other sessions and panels featured thought leaders like Prashant Kumar, MD C CEO, Yes Bank; Ashok Vaswani, MD C CEO, Kotak Mahindra Bank; Lizzie Chapman, Co- Founder, Swiffylabs; Srinivasu MN, Co-Founder, Billdesk; Shinjini Kumar, Co-Founder, Salt and Anand Kumar Bajaj, Founder, MD C CEO, PayNearby, Shyam Srinivasan, CEO, Federal Bank, Raul Rebello, MD C CEO, Mahindra Finance; Y. S. Chakravarti, MD C CEO, Shriram Finance; Jairam Sridharan, MD, Piramal Capital C Housing Finance; Aseem Dhru, MD C CEO, SBFC Finance; Kunal Shah, Founder, CRED and Parag Bhise, CEO, Nucleus Software.

The evening included a special felicitation by CNBC-TV18 for Dinesh Kumar Khara, Chairperson of State Bank of India, and Shyam Srinivasan, CEO of Federal Bank, in recognition of their long-standing service in the banking sector.