Mint BFSI Summit and Awards LIVE Updates: Stars to come out today, RBI Governor Shaktikanta Das to give keynote address

The banking, financial services and insurance (BFSI) industry in India is the backbone of the country’s monetary, industrial and economic ecosystems. The arrival of fintech organisations across this grouping has shaken things up, given the fintechs’ digital native nature, and their speed of execution.

India can arguably be said to be one of the world leaders in fintech, with thousands of fintech players permeating the BFSI industry. They have proliferated all aspects of BFSI, from lending to insurance to mutual funds, and that too with innovative, cost effective practices, products and business models.

Consumers, too, have taken to fintech warmly, using their products and services across platforms and segments, especially in payments and borrowing. Interestingly, it is this very spread of the fintech that has put them in the crosshairs of the regulator. Which is actually not a bad thing, given some fintechs’ propensity to mis sell and take risky bets under pressure from their investors to increase market share.

How are fintechs coping with the pressure, and adapting their systems and processes to stay on the right side of the regulator, yet stay nimble, agile and receptive to market demands? These burning issues will be taken up in depth at the Mint BFSI Summit & Awards, with the active participation of industry leaders and independent experts.

Mint also introduces the BFSI Awards this year, to recognise the efforts of outperformers in these industries, for which it has created robust data driven processes for each industry. The outcome of Mint’s processes will be taken to an esteemed jury for selecting the final winners, who will then be felicitated on the night of the Summit.

Mint BFSI Summit and Awards LIVE: A year of firsts In a first for Mint in the 16th year of the event, the programme will bring into its fold all major arms of the banking, financial services and insurance (BFSI) industry. In the previous 15 years, it had looked sharply at issues faced by banks. Another first in this edition is the introduction of the Mint BFSI Awards to recognize and reward the top performers in the industry across banking, life and general insurance, non banking financial companies (NBFCs) and mutual funds, both equity and fixed income.

The study was done in collaboration with Mint’s knowledge partners howindialives.com and Fisdom. Stars to come out at Mint BFSI Summit and Awards today Reserve Bank of India (RBI) governor Shaktikanta Das will deliver the opening keynote address at the Mint BFSI Summit and Awards on Thursday, flagging off a full day of intense deliberations, debates and conversations around the theme of financial wellness in a changing world.

Joining the central bank governor will be Debasish Panda, the chairperson of the Insurance Regulatory and Development Authority of India (Irdai); Kamlesh Varshney, whole time member at capital markets regulator Securities and Exchange Board of India (Sebi); and veteran banker K.V. Kamath, who is currently the chairman of National Bank for Financing Infrastructure and Development (NaBFID).

They will be joined by more than two dozen top bankers, insurers, mutual fund honchos, fintech wizards and tech leaders, as the programme cuts through the clutter of issues facing the industry and attempts to find solutions..