The banking industry in India is navigating an increasingly complex landscape of emerging risks and regulatory requirements. As the financial sector evolves, banks must adopt proactive strategies to manage these challenges effectively.
Today's banks face a higher complexity of risks, each demanding unique management strategies. Credit risk, driven by fluctuating economic conditions; Non-financial risks, including operational disruptions, compliance breaches, and reputational damage, can have severe impacts. Rise in opportunities for fraud with the increasing digital transactions and cybersecurity remain top priority as well. Climate change presents both physical risks to operations and regulatory risks as governments impose stricter environmental standards. Trade wars, political unrest, and international dynamics add further unpredictability. Cost of non-compliance is very high with financial penalties, reputation and potential business loss.
How should banks augment their capabilities, toolkits and teams to comply and strengthen the risk & compliance functions? What roles can data analytics, AI and GenAI play in compliance and risk management?
Moderated by: Mr Hardik Shah, MD & Partner, BCG
Panelists
• Mr Rajiv Sabharwal, MD & CEO, TATA Capital
• Mr Sudipta Roy, MD & CEO, L & T Finance
• Mr Gaurav Gupta, CEO, QNB India
• Mr Parag Bhise, Executive Director & CEO, Nucleus Software
• Mr Jitesh Khaitan, Head – Risk Management Practice, SAS India
Q&A
