I would conclude by posing the following three questions to the audience: Is it possible for us to make our banking paperless? Cheque less? Cash less? I know that the answers to these questions are not easy and nobody has a readymade answer. But this should put us on the track to think “differently” and think “Big”.
It would definitely take time to achieve the above goals but it is not impossible. Let me tell you that this is already happening globally. It is possible for us to leapfrog to achieve the above objectives? I hope it would be possible for the participants this Summit to deliberate on these issues and give some broad recommendations for the banking sector to emulate.