Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks’ Association (IBA) jointly organize FIBAC—an annual banking conference and the largest forum promoting interaction between the Industry and Banks in India. Boston Consulting Group (BCG) is the Knowledge Partner for the conference.
This annual flagship conference is the marquee event in the calendar for members of the entire banking and financial sector fraternity in the country and even draws participation from different parts of the world. Over the years, the conference has truly positioned itself as one of a kind in terms of knowledge dissemination and relationship building.
This year’s conference of industry stalwarts and global thought leaders will highlight some of the key emerging issues related to the banking industry. Important success strategies will be discussed and a roadmap for the future of the Indian banking industry will be laid out.
Marking our 13th year of partnership, BCG is continuing its association with FICCI and IBA for the biggest annual banking conference to be held on September 05–06. The proposed theme for FIBAC 2024 is “Banking for a Viksit Bharat”.
As a part of this conference, we discuss how, as India strides to become a developed nation by 2047, the banking sector will play a critical role. Indian banking is in a strong position today. This provides a strong launchpad for the nation’s vision. We will highlight the structural shifts needed on this path.
BCG has collaborated with TransUnion CIBIL to analyze the bureau data and has created a comprehensive view of key lending trends in India which include shape of retail lending growth, pockets of high leverage, fraud incidence and default sequencing. It also covers the complexity involved with SME lending scale up.
A number of BCG’s leading subject matter experts will be joining other industry leaders at the event to focus on emerging trends of the industry, with a focus on keynote subjects including Deposit mobilization, MSME lending, Risk and compliance, Collections, Changing Fintech landscape, HR and Power of Technology. Additionally, the conference will also address new-age topics such Climate risk and ESG, GenAI for banking and FI landscape within the context of Viksit Bharat.
Indian banks have outperformed their global counterparts. However, sustaining this momentum, especially amid unprecedented circumstances, calls for reinventing core business models, bolstering tech capabilities and building risk resilience.
India’s spirited pursuit of public digital platforms is pushing banks towards much bolder digital transformation.
Banks need to embrace holding structures that can unbundle ‘Fintech Premium’ to attract talent. The industry needs to actively promote Open Network for Digital Commerce (ONDC) platform to ward-off the threat of BigTech.
