The dazzling banking event BANCON 2012 that will be the
scene stealer and hog the news over the weekend, in Pune began at 2.15 today on
this pleasantly warm Friday afternoon. All roads led to J W Mariott, where the
banking event was hosted by Bank of Maharashtra in association with Indian
Bank’s Association, (IBA), with McKinsey & Company as knowledge partner.
The compere, Darrpan Mehta took to the stage to introduce the distinguished
panel, as they took their seats on the dias: Mr Narendra Singh, Chairman &
Managing Director, Bank of Maharashtra, Mr. K Ramakrishnan, Chief Executive,
IBA and Mr Jatin Pant, Director McKinsey & Co, Mr. C V R Rajendran, ED,
Bank of Maharashtra.
To bring attention to
this year’s theme, Innovating to unlock the next decade, he quoted Steve Jobs,
“Innovation distinguishes between a leader and a follower” promptly sparking
interest in the media about the weekend conference where banking heavyweights
will assemble to exchange ideas.
Speaking on the occasion, Mr Narendra Singh explained how
technological initiatives have brought in its wake, the problem of shortage of
hands as well as handling data; its sheer volume and velocity and even the
opportunity for leveraging it.
Next to take to the mike was Mr Ramkrishnan. He proudly
stated how total industry assets had risen six fold between 2001-2010. He
highlighted major shifts like the prolific spread of ATMs and mobile banking;
growth of the middle class and increasing rural affluence, and lastly the
growing demand for SME’s.
This was followed by Mr. Jatin Pant’s analysis. His
presentation lucidly elaborated on a) the top 10 Indian banks featuring among
Asia’s top 30 value creator banks in the next decade, b) Indian banking revenue
pools likely to quadruple in the next 10 years.
An interesting Q&A round concluded the session.
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