Banks Look to Drive Growth as AI Transforms India's Banking Summit
Banks Look to Drive Growth as AI Transforms India's Banking Summit
Indian banks chart growth strategies amid AI disruption, inflation, and policy shifts at The Great Reset BT Banking Summit.
The BT Banking Summit brings together India’s top bankers and economists to chart a path for growth as the economy navigates inflation, fiscal consolidation, and shifting monetary policy under the broad banner of The Great Reset. The session features Ashima Goyal of IGIDR sharing policy-oriented views on inflation targeting, growth sustainability, and India’s monetary framework, while Madan Sabnavis of Bank of Baroda updates on domestic demand, credit growth, and risks from global spillovers. Somya Kanti Ghosh of SBI weighs in on banking sector preparedness and balance-sheet strength, highlighting how financial institutions can support economic resilience. Moderated by Siddharth Zarabi, Group Editor of Business Today, the discussion examines GDP growth trends, interest-rate cycles, and the role of structural reforms in enabling a more robust financial system. The overarching message is that banks can be enablers of economic expansion while effectively managing systemic risks in a volatile global environment.
A parallel AI-focused session under The Great Reset explores how an AI-first transformation is reshaping Indian banking and fintech. Sabyasachi Goswami, CEO of Perfios, discusses AI-driven data intelligence in credit underwriting and fraud detection, while Sanjay Doshi, Partner & Head of Financial Services Advisory at KPMG India, provides a governance lens on digital risk and regulatory guardrails. Parag Bhise, CEO & ED of Nucleus Software, emphasizes core banking innovation and embedded finance ecosystems. The dialogue centers on ethical AI, customer trust, and the future of human-machine collaboration in banking, as automation, analytics, and intelligent systems redefine operations and risk assessment.
On the capital markets front, Ashishkumar Chauhan of NSE outlines how India’s markets are evolving in the era of The Great Reset. He notes a dramatic jump in market capitalization—from ₹67 lakh crore to ₹470 lakh crore—and a surge in unique investors from 1.67 crore to 12.7 crore since Narendra Modi took office. The session dives into market infrastructure, deeper retail participation, and the push toward digitisation and global integration. Regulators, digital platforms, and ESG integration are highlighted as essential components of sustaining IPO momentum and expanding the role of exchanges in financing India’s growth and infrastructure ambitions. The combined discussions portray a banking and capital‑markets landscape that is increasingly tech-enabled, data-driven, and oriented toward resilience and inclusive growth.
Taken together, the conversations underscore the central role of Indian banks and capital markets in supporting growth, while balancing risk in a transitioning global economy. The emphasis on AI, governance, and robust market infrastructure points to a future where financial institutions are more capable of underwriting growth, protecting consumers, and delivering more inclusive financial services across a rapidly evolving landscape.
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