According to International Monetary Fund (IMF), India is projected to grow at 7.3 per cent in 2019 and 7.5 per cent 2020, supported by the continued recovery of investment and robust consumption, thus remaining the fastest growing major economy. A strong and robust Banking and Financial Services Industry (BFSI) is pertinently important to sustain this growth.
The sector over the last few years has become an integrated system with players like NBFCs, Banks, Insurance Companies, Mutual Funds amongst others becoming symbiotically inter-connected and these no longer exist in isolation. While industry has taken up several strategic initiatives in recent past to tap the growth opportunities, there still exist structural issues which requires due attention of the policy makers.
Against this background, Confederation of Indian Industry (CII) is organising the 6th Edition of Banking & Finance Summit with the theme ‘Addressing Systemic Issues in Indian Banking & Finance Sectors’ on Friday, 20 September 2019 at New Delhi.