Nucleus Software Presents CNBC-TV18 Banking Transformation Summit 2.0

Introduction

The CNBC TV18 Banking Transformation Summit 2.0, presented by Nucleus Software, brought together industry leaders, policymakers, and financial experts to shape the future of India’s banking sector. With the theme “Bharat’s Banking Roadmap for the Future”, the summit explored how digital transformation, financial inclusion, regulatory advancements, and fintech partnerships can propel India towards becoming a $10 trillion economy by 2047.

Key Objectives

The summit aimed to define a strategic vision for India’s banking sector, emphasizing inclusive and sustainable growth. Discussions focused on how cutting-edge technologies, regulatory reforms, and fintech – bank collaboration can drive financial accessibility, particularly in rural and underserved areas.

Banking Transformation Summit 1.0 Achievements & Path to 2.0

Summit 1.0 laid the foundation by addressing India’s $5 trillion economy milestone, featuring prominent voices like Uday Kotak and KV Kamath. Discussions on NPAs, digital lending, and fintech collaborations set the stage for deeper conversations in Summit 2.0, refining the role of banks in India’s evolving financial landscape.
 
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Banking Transformation Summit 2.0 Highlights

Opening the event, CNBC-TV18’s Managing Editor, Shereen Bhan, outlined India’s banking transformation – from tackling high NPAs to fostering innovation and inclusion. Key takeaways included:
 

• NPA Reduction: From 18% to 4%, highlighting banking sector resilience.
• Private Bank Expansion: 60% growth in branches, surpassing the USA.
• Financial Inclusion: Over 520 million new accounts under PMJDY.

The Road Ahead

As India moves towards an advanced economy, the banking sector must focus on:
 

• Expanding Consumer Credit: India’s credit-to-GDP ratio (37%) remains lower than China (62%) and the USA (80%), indicating vast growth potential.
• Balancing Growth & Regulation: Adapting to evolving capital requirements while maintaining innovation.
• Empowering MSMEs & Underserved Communities: Ensuring accessible capital and financial services for all.

Related Read – Innovating with Empathy: Financial Transformation for a Resilient and Inclusive Viksit Bharat

Key Themes & Challenges

1. Bharat’s Banking Roadmap: Building next-gen financial infrastructure for growth and stability.
2. Financial Inclusion: Bridging the gap for rural and underbanked populations.
3. Technology & Innovation: Leveraging AI, real-time payments, and embedded finance.
4. Regulatory Adaptation: Balancing oversight with innovation.
5. Fintech-Bank Collaboration: Strengthening industry partnerships for economic expansion.

Conclusion

Banking Transformation Summit 2.0 underscored the crucial role of India’s banking sector in driving economic transformation. With a focus on financial inclusion, technology, and strategic collaborations, the discussions charted a clear roadmap for a more resilient and future-ready banking ecosystem. By embracing innovation and fostering inclusivity, India’s banking sector is well-positioned to fuel the nation’s ambitious growth trajectory.