No one can deny the multitude of severe problems that Indian banks are facing currently. These problems could range from severe competition and weakened asset base to outright fraud. Differentiating bank products has become very challenging and the business pressures have to be reconciled with regulatory constraints. At the same time, customers have become very demanding and extremely difficult to satisfy. History has repeatedly shown that problems in the banking sector, that act as the backbone of the economy, could quickly spread and paralyze the entire economy!
Often the banks’ response to the challenges is to pass the buck around and blame the problems on the systems, dishonest borrowers or the changing global and domestic environment. Yet, luckily, there are some brave heart managers who would not only tide over the obstacles, but also find new opportunities in the challenges they face, to innovate and carve out strategies to create new success stories. IMT Ghaziabad is proud to bring together a selected group of such outstanding bankers to share their experiences at the Banking Conclave.
The main objective of the Banking Conclave is to provide a platform to facilitate exchange of ideas and discuss the emerging trends, opportunities and issues facing the banking industry in India. It would also be a great occasion to learn from the path breaking experiences of some senior bankers, representing public and private sector banks, on how to deal with the problems and utilize opportunities to succeed in banking. Also, looking at the acute shortage of skilled manpower in banking, IMT Ghaziabad has recently introduced a banking specialization in its PGDM curriculum and, through the conclave, it would endeavour to strengthen linkages with the banking industry.