India's biggest banking, financial services, and insurance (BFSI) event, the "Business Standard BFSI Insight Summit 2024", will start on Wednesday with industry leaders from banking, insurance, and equity markets gathering to discuss the country's economic prospects.
The items of discussion will be geopolitical tensions threatening to derail the growth trajectory; the easing of monetary policy by the Federal Reserve putting pressure on the Reserve Bank of India (RBI) to avoid falling behind the curve; rising stress in the unsecured retail portfolio causing concern for domestic banks; and persistent under-penetration of insurance in the country, forcing the Insurance Regulatory and Development Authority (Irdai) to think out of the box to increase penetration.
The three-day summit starts with C.S. Setty, the newly appointed chairman of State Bank of India (SBI) inaugurating the event. He took over as SBI chairman from Dinesh Kumar Khara in late August this year. He is a career banker who started as a Following the inauguration, Reserve Bank of India (RBI) Governor Shaktikanta Das will sit for a fireside chat. Das, ranked the top central banker for a second consecutive year, has about a month to go before his second three-year term ends.
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