The 6th Annual Edition Of Banking And Finance Legal Summit 2019
Poised for A Fresh Ledger – Indian Inc. Gears Up for A Stronger Economy!
As per the Indian Brand Equity Foundation,
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalized and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. Credit, market, and liquidity risk studies suggest that Indian banks are generally resilient and have withstood the global downturn well. Indian banking industry has recently witnessed the roll-out of innovative banking models like payments and small finance banks. RBI’s new measures may go a long way in helping the restructuring of the domestic banking industry. The digital payments system in India has evolved the most among 25 countries with India’s Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments Innovation Index (FPII).
In August 2017, Global rating agency Moody’s announced that its outlook for the Indian banking system was stable. In November 2017, Global rating agency Moody’s upgraded four Indian banks from Baa3 to Baa2. The bank recapitalization plan by Government of India is expected to push credit growth in the country to 15 percent and as a result, help the GDP grow by 7 percent in FY19.
And then, of course, we can not forget the breathing lifeline that the Banking segment has today, the IBC & its full throttle passion towards making Indian Inc. debt free as far as the bad loans are concerned. Needless, to say there is an amazing machinery at work and it will indeed come out with statements that could rewrite the Indian banking history.
Amidst all this, there still remains an ambience of confused change, teething issues, legal and regulatory hassles, cross-sector impact, wait and watch operational mode, so on and so forth. While on one hand, the IBC is spearheading the economic canvas of the nation, however, there remains a huge segment of the BFSI space that is wondering what’s in for them tomorrow?
It is during these interesting times that The Lex Witness 5th Annual Banking and Finance Legal Summit 2018 organized on 6th of July 2018 at The JW Marriott, Mumbai brought together legal vanguards of the Indian BFSI Sector as speakers addressing an array of topics via panel discussions such as;’
The IBC Floodgate – Is Indian Inc. Swimming Well Enough?
The Insurance Sector – Need for A Reboot of It’s Regulatory Regime?
Regulatory Round Up – An Interesting Mix?
The Indian Funding & Finance – On A Stop. Look. Go Mode?
Digitization of The Indian BFSI Space – Coping Up with Pace?