To review, reform, rethink banking

What is a typical day like in the life of a banker? But then Nov 24-25^th are not typical days for anyone in the banking industry what with all roads leading to Marriott Hotel & Convention Centre for the ultimate banking summit, Bancon 2012. Co-hosted by Bank of Maharashtra and Indian Bank’s Association, this conference is a gathering of the who’s who in the banking industry. With the inauguration by Hon’ble Finance Minister Pranab Mukherjee, this prestigious meeting of bankers and finance heads is defined as a gathering that reviews, reforms and rethinks banking. Of credit and constraints, of revenues and rural markets, Bancon 2012 like its predecessors will provide a gigantic platform for key decision-makers to influence change, mould lifestyles and alter not just the economy but also the collective destiny of our country.  

The theme this year:

 Innovating to unlock the next decade, will cover major shifts spanning business models across the banking sector highlighting not just growth from the previous year but also growth opportunities in the next decade. A quantum leap of how the industry has transformed,  considering the humble origins of banking from the time silver coins were used as payments to soldiers and merchants hoarding their often ill-gotten gold in private vaults to present-day banking at the touch of a button.

But can digital progress in this domain be lauded when India’s ATM density is a mere 35 per million people, compared to America’s 1300?Or another dismal truth that despite the powers that be exhort financial inclusion, 70% of the rural population cannot boast of having even a bank account and continue to mortgage with moneylenders and friends.

At Bancon 2012, banks pan India will throw light on these issues through eminent speakers elaborating on divergent growth, technology disruptions, regulatory structures as well as panel discussions based on the day’s agenda.

While Bancon 2012 is poised to unleash an exciting future, equipped to handle any challenge, Bank of Maharashtra with its equally distinguished background is proud to associate itself with this event. While its roots can be traced to 1936, it has always been a frontrunner in technological innovation. In fact, this dynamism even enabled the bank to add 99 branches to its network, way back in 1977; a feat that won them appreciation from the then Prime Minister, the late Smt Indira Gandhi.

Delegates at Bancon 2012 will also have a rejuvenating experience by enjoying a cultural profusion of Maharashtrian folklore through an entertaining event that showcases the distinctive identity of the state. The Warli tribal dance, the Lavni and several other performances have been lined up to regale the participants who can relax on the concluding day with an exhaustive tour that captures the raw scenic beauty of forts and architectural marvels dotting Pune.

Looking forward to your visit, next month. Destination: Bancon 2012, Marriott Hotel & Convention Centre, Pune.