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.
Denne historien er fra November 06, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 06, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Technology changes BFSI sector
Firms in the industry are undergoing a major digital transformation, with technologies - Cloud, Al, GenAI, RPA, and blockchain - leading the way, says a Business Standard-Everest Group report
Making sense of India's real estate boom
Growth drivers in real estate include urbanisation, disposable incomes, and demand for residential, commercial, and logistics spaces, according to a Business Standard-Knight Frank report
THE BIGGEST BFSI SUMMIT IS EVEN BIGGER NOW
The largest financial sector event in the country - the Business Standard BFSI Insight Summit - is back this year in a bigger form.
Shares of Adani Ports anchor at 5-month low
Down 5% in two days after business update for October
Markets rebound as investors cast wide net for value
In-demand financial stocks drive the rally
Global mkt: Stocks, Treasury yields gain as US votes
World stocks rose and Treasury yields rebounded on Tuesday while an index of market volatility retreated, as markets awaited early indications of the outcome of a knife-edge US election, with only currency markets showing some jitters.
Upper-teens EPS growth likely for Gland Pharma in next two financial yrs
Gland Pharma's Q2FY25 results beat muted expectations, with upper-teens EPS growth projected over the next two financial years despite a slowdown in US sales and temporary issues at its Cenexi subsidiary.
Sagility India IPO booked 22% on Day 1
The initial public offering (IPO) of Sagility India Ltd, a technology-enabled services provider in the health care space, received 22 per cent subscription on the first day of bidding on Tuesday.
Record FPI exodus throws a shadow on stock markets
Foreign investors are souring on India's stock market, selling a record amount of shares amid signs the South Asian nation's post-pandemic economic boom is losing steam.
Govt may divest 2.5% in HZL through OFS
The Centre is planning to sell 2.5 per cent of the total share capital of Hindustan Zinc Ltd (HZL) through an offer for sale (OFS) on Wednesday and Thursday for ₹505 per share.
