It is thus, most appropriate that we are gathered here today to discuss the future of banking, now that we should look beyond Core Banking. I would like to begin by reflecting on why we are, today, discussing Core Banking or to be precise, “beyond Core Banking”. The reasons are not far to seek.
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).