2011 Summary can be downloaded HERE - FT Live
2011 Summary can be downloaded HERE - FT Live
2011 Summary can be downloaded HERE - FT Live
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Welcome Remarks<br />
The idea of having an International Banking Summit<br />
has <strong>be</strong>en conceived by the team at YES BANK and<br />
Rana Kapoor<br />
Summit Chairman &<br />
Founder, Managing Director and CEO<br />
complemented brilliantly by Financial Times. This is the<br />
inaugural session, and I would like to welcome all the<br />
dignitaries and delegates for this first-of-its-kind global<br />
banking Summit in India. While we are facing global<br />
uncertainties, we have <strong>be</strong>en able to mobilize over 40 eminent<br />
speakers and over 1000 delegates from all parts of the world<br />
for this Summit in India. India, at this time of its life cycle, is<br />
presented with a unique opportunity in adversity driven by its<br />
growing economy, favourable demographics and progressive<br />
YES BANK<br />
reforms <strong>be</strong>ing undertaken by the Government. The Indian<br />
financial sector has undergone signifi<strong>can</strong>t transformation and<br />
global integration, under the able guidance of the Reserve Bank of India (RBI). The second generation reforms,<br />
including the recent deregulation of the savings rate, opening of branch licensing, etc. are game changers which<br />
will facilitate the shift from lazy banking to dynamic banking. The sessions over the next two days will provide a<br />
unique platform for the international financial sector, to build mutually symbiotic models through strategic<br />
alliances and shared models.<br />
The discussion comes at an important time,<br />
particularly considering the uncertain global economic<br />
environment. Back in India, the economy has shown resilience<br />
during the crisis period and shown good growth. While the<br />
Indian financial system was appreciated for its prudence, it<br />
also needs to <strong>be</strong> equally expansive and inventive. There is a lot<br />
to learn from the Indian banks including low cost innovation<br />
considering the size and diversity of the nation. Over the next<br />
two days we will hear leaders from the global financial<br />
industry on all these aspects. I would like to thank our partner<br />
YES BANK and Dr. Rana Kapoor, for his support towards the<br />
Summit.<br />
4<br />
James Lamont<br />
South Asia Bureau Chief<br />
Financial Times
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