Indian banking has taken rapid strides in the last few decades and is growing at a healthy pace. According one estimate, Indian banking sector may become 3rd largest in asset size by the year 2025 (cf. IBA-FICCI-BCG report – Being five star in Productivity-Roadmap for excellence in Indian banking).
The growth achieved so far and the one projected ahead has many facilitators, but implementation and leveraging of technology is, by far, amongst the biggest enablers in the context. I have divided my talk today into three parts. In the first part we would look at core banking, the journey so far and the need to look “beyond Core Banking”.