Indian Banking -Moving towards Globalisation

Bank Economists' Conference- [BECON-2003]


Bank Economists' Conference 2003 (BECON) was held in Mumbai on December 11-12. The theme of the conference was "Indian Banking -Moving towards Globalisation". In his inaugural address, Dr Y V Reddy, Governor, RBI, stated that Indian banking sector have won the respect and admiration of most observers. He pointed out that the global giants in banking all over the world are manned by Indians, educated and trained in India. The best of technology for the most sophisticated banks in the world is provided by Indian companies and by Indians in foreign companies.

Dr Reddy charted a roadmap towards achieving global standards. He underscored the need for a better payment and settlement systems, technology upgradation, flexibility of products. More importantly, he said, the success in adopting globalisation depends in managing the process of globalisation.