GenNext Banking: Issues and Perspectives

The speech covers the macro setting for GenNext banking by way of discussing the demographic composition of India’s population and the nexus between low dependency ratio and saving. It also provides a projection of Housing and Education Loan requirement in the economy in the next few years. How banks need to emerge GenNext with suitable new schemes and reorientation of their banking activities is also discussed. A discussion on how to facilitate banking in the context of knowledge economy/society is discussed. Certain implications and challenges arising from GenNext banking which need further deliberation are highlightened. [Address at the Panel Discussion on GenNext Banking at the 4th International Finance and Banking Conference organized by the Indian Merchant’s Chamber].