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Showing posts with the label digitaltransformation

India’s G20 presidency will be inclusive, decisive, action-oriented

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India’s G20 presidency will be inclusive, decisive, action-oriented India will formally begin its G20 presidency on December 1 and host the next summit in New Delhi in September 2023. India will make the G20 a “catalyst for global change” and its presidency of the group in 2023 will be inclusive and action-oriented. As the G20 presidency was handed over to India by Indonesia, Modi said the country will work for collective action on global challenges such as food and energy security. In an address at the closing session, Modi noted India is taking charge of the G20 at a “time when the world is simultaneously grappling with geopolitical tensions, economic slowdown, rising food and energy prices and the long-term ill-effects of the pandemic”. “Together, we will make the G20 a catalyst for global change,” he added. India’s theme of G-20 chairmanship – ‘One Earth, One Family, One Future’. Modi said India will strive to ensure the G20 “acts as a global prime mover to envision new ideas and a...

Evolution of Banking System

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EVOLUTION OF BANKING Financial services keep experiencing a large upheaval as digital transformation is rolled out in the sector at a dramatic rate. By 2030, the ordinary banking experience can be virtually virtual with extra than billion human beings having digital economic group money owed on digital systems. But in most cases, that level of digital transformation remains a chunk in improvement on the equal time as customers continuously adjust to a surprising array of the new digital era which may be being stepped forward through constant innovation, developing new behaviors, and developing their expectations.   For global banks, this creates a series of complex disturbing conditions and opportunities as they calibrate and re-calibrate their digital providing in several regions of the sector, wherein the pace of digital transformation movements at quite precise speeds. Meanwhile the branch networks of retail banks in masses of countrywide markets are shrinking inexorab...