Mumbai’s BFSI Sector Gears Up for Transformation at the 24th Edition of BFSI IT Summit

Jul 5, 2024 | Business

The banking, financial services, and insurance (BFSI) sector in Mumbai is currently undergoing a profound transformation, fueled by rapid technological advancements and a significant increase in digital adoption. Emphasizing a strong commitment to digitalization, key stakeholders in Mumbai are championing initiatives akin to advancements in digital payments and the establishment of the Digital Banking Transformation Office. These efforts are propelling the BFSI landscape forward, fostering innovation and paving the way for sustained growth and competitiveness in the region.

The summit serves as a strategic platform to delve into critical themes shaping the future of finance, such as digital payments innovation, cybersecurity resilience, AI and machine learning integration, cloud computing strategies, and enhancing customer experiences in digital banking. Participants can expect insightful discussions, keynote addresses from industry experts, and ample networking opportunities aimed at fostering collaboration and driving digital transformation in Mumbai’s BFSI ecosystem.

Aligned with global trends and local imperatives, the summit aims to propel Mumbai’s BFSI sector towards greater efficiency, resilience, and customer-centricity. It promises to be a catalyst for innovation, offering attendees a unique chance to explore emerging technologies, share best practices, and chart a course towards sustainable growth in the dynamic landscape of banking, financial services, and insurance.

About the 23rd Edition of BFSI Summit

The 24th Edition of the BFSI Summit marks a pivotal moment in the advancement of the banking, financial services, and insurance sector in Mumbai. This prestigious event serves as a gathering point for esteemed technology and innovation leaders within the BFSI community, offering an exclusive opportunity to explore current trends, confront challenges, and seize emerging opportunities that define the industry’s trajectory. By prioritizing the imperative of digital transformation and leveraging cutting-edge technology, the summit is poised to empower attendees with indispensable resources and perspectives essential for navigating the dynamic landscape of BFSI in Mumbai.

VIP Speaker:

– Sumnesh Joshi, Deputy Director General (Joint Secretary Level)Ministry of Communications Government of India

Speakers:

  • Vishal Bhatia, Chief Digital OfficerCanara Bank
  • Ajay Poddar, CTO for Retirement TechHDFC Life
  • Arnab Biswas, Chief Information Security OfficerAxis Securities Limited
  • Aastha Arora, Vice PresidentThe London Institute of Banking & Finance (India)
  • Amit Pradhan, Vice President – Partnerships & AlliancesThe London Institute of Banking & Finance India

For more information about the BFSI IT Summit 2024, please visit https://bfsiitsummit.com/india/.

About Exito

Exito, meaning success in Spanish, is committed to the success of its customers. Hosting over 240 virtual and in-person conferences globally each year, Exito brings together audiences with world-class thought leaders and C-level executives across industries. Crafted with meticulous attention to detail and based on extensive research and industry insights, Exito’s conferences facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

For Media Enquiries, contact:
Kasturi Nayak (Sr. Marketing Executive)
Email: Kasturi.nayak@exito-e.com
Enquiry@exito-e.com


Topic: Press release summary

Hong Kong – Women Sector Dialogue on “The Chief Executive’s 2023 Policy Address” (with photo)

Nov 8, 2023 | International

Women Sector Dialogue on “The Chief Executive’s 2023 Policy Address” (with photo)

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     The Secretary for Home and Youth Affairs, Miss Alice Mak, and the Permanent Secretary for Home and Youth Affairs, Ms Shirley Lam, attended the Women Sector Dialogue on “The Chief Executive’s 2023 Policy Address” today (November 8). They introduced the policy measures related to the Home and Youth Affairs Bureau (HYAB) featured in the Policy Address to representatives of local women’s organisations and members of the Women’s Commission, and listened to the opinions of the participants. 

     During the dialogue, Miss Mak introduced the key initiatives related to the facilitation of family and women’s development in the Policy Address. She pointed out that the Government attaches great importance to the support of women’s development. Following the allocation of additional funding to establish the Women Empowerment Fund last year, the HYAB will set up a dedicated Women Affairs Team and designate the post of Commissioner for Women Affairs to steer work related to women’s affairs. The HYAB’s key initiatives in the aspect of family and women’s development for the coming year include launching a one-stop family and women information portal; organising the first Family and Women Development Summit; introducing a maintenance mediation pilot scheme through the Community Care Fund, launching a new five-year Funding Scheme on the Promotion of Family Education, etc. 

     Participants attending the dialogue responded positively to the relevant measures. In particular, the designation of the post of Commissioner for Women Affairs responds to the aspiration of the women sector. Participants also actively shared their views on taking forward various initiatives in relation to the promotion of women matters and facilitation of family education, and more.

Metal Sector Needs to be at Forefront of Circular Economy Model: Says Shri Jyotiraditya M. Scindia

Aug 26, 2022 | Business


Majority of our natural resources are finite therefore it is critical that the world finds environmentally and economically viable way of using these scarce resources, said Union Minister for Steel and Civil Aviation Shri Jyotiraditya M. Scindia at the International conference on Circular Economy and Resource Efficiency, organized by the Indian Institute of Metals Delhi Chapter here today. Chairman of SAIL, Ms Soma Mondal, Mr. Ulrich Greiner Pachter, CEO, Region India & Asia Pacific, SMS Group, Dr S.K.Jha, CMD, MIDHANI,  Dr. mukesh Kumar, Chairman,IIM, Delhi Chapter and delegates from Mineral and Metal Sector were present in the conference.


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Shri Scindia highlighted that the consensus seems to have emerged across the globe that circular economy is the only way towards conservation of resources. We must understand that the future of humanity cannot be built on a ’take-make-dispose’ model i.e., Linear Economy. Metal sector needs to be at the forefront of circular economy model in view of its pervasive applications besides the inherent potential of metals to be amenable and adaptable to business models following 6R principles of Reduce, Recycle, Reuse, Recover, Redesign and Remanufacture, the Minister further added.


The Minister recalled Prime Minister Shri Narendra Modi’s address on 15th August 2021 in which He emphasized on the urgent need of Circular Economy Mission. In his address, the Prime Minister had exhorted that circular economy is the need of the hour, and we must make it mandatory part of our lives in due to fast depletion of natural resources to meet the needs of modern economy.


Shri Scindia added that metal industry is highly energy intensive industry and thus cause large carbon emission, which is a major challenge for the global community thus we have to adapt new technologies to achieve the goal of zero carbon emission.  We all agree that in today’s technological dominated world, nothing is waste and all so-called wastes can be converted into resources for wealth creation by adoption of suitable technology, the Minister stated.




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India’s Mining & Metal sector is set for robust development in view of expected jump in demand to support the emerging boom in growth in the automotive, infrastructure, transport, space and defence. The challenge in this fast-paced world is to confront the by-products of sectors such as steel, which is at the same vital for economy and on the other hand is hard to abate sector with respect emission of carbon dioxide. Steel Makers across the globe are set on course to evolve suitable strategies to tackle the twin challenges of environmental sustainability and circular economy.


The Minister said, the Government of India has taken timely initiative through NITI Aayog by forming 11 committees to promote Circular Economy in various sectors including Metals sector covering Ferrous and non-Ferrous metals.


Shri Scindia apprised that Ministry of Steel is working as a nodal agency and has already prepared a detailed roadmap for promoting circular economy in Metals sector covering all facets of production from mining to finished metal production and their recycling / reuse including utilization of all wastes and by-products generated in the process.


Minister highlighted that the circular economy is much more than recycling. A very large part of our energy consumption, and therefore the related greenhouse gas emission is closely linked to the extraction, processing, transportation, use and disposal of materials. Circular strategies such as circular design, material efficient production, reuse, repair and recycling lead to saving in material consumption and reduce greenhouse gas emission. By focusing on maximum value retention and closing the material recycle, the circular economy possesses a robustness that will help in dealing with drastic changes caused by the climate change. These moves will have multiple benefits for the nation and have a multiplier effect on the GDP due to associated supply chain as well as consumption related industries besides creating large employment opportunities both directly within the plant and indirectly in associated industries.


The Minister said that India has increased installed capacity of production of steel by 50% to 155 million tonnes in Financial Year 2022 from around 100 million tonnes in financial year 2014. During this period of eight years per capita consumption of Steel also has gone by almost 50% to 77 kg per capita today. Steel Industry is on a steady growth path led by government of India’s Investor friendly policies in addition to government’s focus on strengthening the infrastructure of the country. Revolutionary changes have brought in the Mineral and metal sectors and today India is now 2nd largest steel producer in the world, Shri Scindia also said.




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Shri Scindia hoped that the Indian Institute of  Metals, Delhi chapter to come out with recommendations from the deliberations at this international conference on this important subject which shall help the industry to move towards Zero Waste and Zero Harm approach.


Mr. Ulrich Greiner Pachter, CEO, Region India & Asia Pacific, SMS Group said that India’s Steel Industry has changed a lot towards positive growth.


The Chairman, SAIL, Ms Soma Mondal said that research suggests green house gas emissions in the atmosphere can only be decreased by approximately 50% through Carbon reducing operational efficiencies and widescale implementation of renewable energy solutions. The remaining 50% must come from the transformation in how we produce and consume resources. Thus businesses will have to play leading role in this new economic structure, spearheading innovation for change to protect the planet and create new value.  Ms Mondal highlighted that nothing is waste. She also added that about 200 delegates are attending this conference.


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Bosch establishes sector board for Mobility Solutions business sector

Jul 21, 2022 | Business

Reorganization reflects the new mobility era


– Dr. Markus Heyn will be the chairman of the new sector board.

– Further members are Dr. Uwe Gackstatter, Dr. Mathias Pillin, Klaus Mäder, and Andreas Dempf.

– Thanks to new management team, sector will be well positioned to seize growth opportunities offered by the mobility transformation.

Stuttgart, Germany – WEBWIRE –

With the new management team, we will be well positioned to make the best of growth opportunities arising from the transformation of mobility ”
says Dr. Markus Heyn, member of the Bosch board of management and head of the Mobility Solutions business sector



Effective January 1, 2023, Bosch is planning to reorganize its Mobility Solutions business into a business sector with profit and loss responsibility. Customer requirements are changing as a result of the transformation of the mobility segment. The aim of the reorganization of Bosch Mobility Solutions is to be able to serve existing and new customer needs with customized technologies and solutions from a single source.


Along with the reorganization, the company is establishing a new management team, which effective October 1, 2022, will be responsible for Mobility Solutions and all its divisions. The chairman of the new sector board will be Dr. Markus Heyn (57), member of the board of management Robert Bosch GmbH and head of the Mobility Solutions business sector since January 2022. The following additional members have been appointed:


Andreas Dempf (52) will be retaining responsibility for sales and customers of Mobility Solutions – a function he has performed since the beginning of this year.


Dr. Uwe Gackstatter (58), currently president of the Bosch Powertrain Solutions division. In the future, he will assume responsibility for commercial affairs.


Klaus Mäder (55), currently president of the Automotive Electronics division, will be responsible for operations and thus among other things for all plants worldwide as well as for quality.


Dr. Mathias Pillin (55), currently president of the Cross-Domain Computing Solutions division, will take over technology responsibility for the entire business sector.


’’With the new management team, we will be well positioned to make the best of growth opportunities arising from the transformation of mobility,” says Dr. Markus Heyn, member of the Bosch board of management and head of the Mobility Solutions business sector. Over the coming months, the sector board will work together with associates and executives from the Mobility Solutions operating units, as well as with the involvement of the employee representatives, to flesh out the business sector’s future setup. The rapid pace of the transformation of the mobility segment opens up ample opportunities for growth. In the interest of its customers, Bosch intends to take advantage of these opportunities and to extend its position as one of the leading providers of mobility solutions.


India’s First Logistics Excellence Awards highlight the contributions of Private Sector driving change and innovation in the Logistics Sector.

Jun 23, 2022 | Business


The Government of India hosted its first-ever National Logistics Excellence Awards in New Delhi today. Union Minister for Commerce & Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal along with the Minister of State for Commerce and Industry Shri Som Parkash Sharma gave away the awards in 12 categories. The National Logistics Excellence Awards aim to acknowledge the many logistics service providers in the country that have been able to display innovation, diversity and efficiency.


With 169 entries and 12 categories for awards in its first edition, the Ministry of Commerce and Industries undertook a year-long process of identifying, categorising, and selecting qualified applications. An Expert Screening Committee of 18 diverse experts and a National Jury of 9 senior dignitaries was formed to make the final deliberations.


Speaking on the occasion, Shri Piyush Goyal urged the industry to work with the government to bring down the logistics cost from 12-14% to 7-8% as prevailing in the developed countries. The minister emphasized that the expansion of infra spending from Rs. 2.5 lakh crore to Rs. 7.5 lakh crore and Gati Shakti will benefit the logistics sector most with investment across roads, highways, ports, airports, multi-modal terminals etc. Shri Goyal said that GatiShakti will help in efficient planning and implementation, thereby ensuring that last-mile connectivity related issues are not there. He also informed that the government is actively thinking of promoting manufacturing of containers and ship-building.


Shri Goyal appreciated the role played by the logistics sector during the Covid-19 pandemic. He said the resilient and efficient supply chains developed by the operators in the logistics sector helped India overcome the challenges of the COVID-19 pandemic and supported the growth in trade seen over the last 2 years.


Shri Goyal also asked the industry to involve start-ups to become more transparent and efficient. He said going forward, a separate category of awards should be created for MSMEs in the logistics sector given the role played by them.


The Minister of State for Commerce and Industry, Shri Som Parkash Sharma said that the availability of cost-effective logistics is critical for growth of the Industries and Indian Economy and that adoption of technologies and upgradation of skill levels of human resources engaged in the sector is a must.


Shri Anurag Jain, Secretary of the DPIIT, acknowledging the excellence portrayed by the logistics sector, shared that GatiShakti, Atmanirbhar Bharat, driven by many MSME and Startups of the country, make the logistics sector very crucial to India’s economic ambitions.


In addition to the Logistics Ease Across Different States (LEADS) report that measures that appreciates the endeavours of the State Governments, the Logistics Excellence Awards will continue to be an annual exercise recognizing excellence in logistics with the private sector in India.


National Logistics Excellence Awards 2021 – List of Winners


  1. Best Cargo Airline & Terminal Operator – FedEx Express Transportation and Supply Chain Services (India) Pvt. Ltd.

  2. Best Road Freight Service Provider – DHL Supply Chain India Pvt. Ltd.

  3. Best Rail Freight Service Provider – Adani Logistics Ltd.

  4. Best Shipping & NVOCC service Provider – Maersk India Pvt. Ltd.

  5. Best Port Service Provider – DP World

  6. Best Warehouse service provider – Transport Corporation of India Ltd. (Through TCI Supply Chain Solutions)

  7. Best Cold Chain/Refrigerated service provider – Transport Corporation of India Ltd. (Through TCI Supply Chain Solutions)

  8. Best Express Logistics Service Provider – Safexpress Pvt. Ltd.

  9. Best Logistics infrastructure and service provider – Adani Logistics Ltd.

  10. Best Freight Forwarders – Kuehne + Nagel Pvt. Ltd.

  11. Best Customs House Agent/Customs broker – International Clearing & Shipping Agency (India) Pvt. Ltd.

  12. Industry Excellence Award – Sun Pharmaceutical Industries Ltd.


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