2nd Gujarat Cooperatives Summit - Mr Ankur Bahorey, Member of Executive Management and Group Head - Retail Business , HDFC ERGO General Insurance Company Ltd
2nd Gujarat Cooperatives Summit 2017 – Technology Presentation: Bancassurance – “Third Party Business for Enhancing Bottomline – General Insurance” by Mr Ankur Bahorey, Member of Executive Management and Group Head – Retail Business , HDFC ERGO General Insurance Company Ltd
Cooperative Banks have traditionally been an integral and crucial part of the Indian economic system. These banks help in channelizing the idle savings of the society to fruitful economic ventures. Apart from channelizing the idle saving, these Cooperative Banks help in development of small and medium scale enterprise in urban areas by providing substantial credit facilities to this segment.
Despite the fact that the business and asset base of cooperative banks have grown over the years, these institutions have been facing numerous challenges in maintaining their development and sustainability. First of all the market competition and the need to retain good clientele are affecting cooperative banks. Secondly their size and relative lack of financial depth constraints adoption of high end technology which is the key ingredient of the new era banking sector.
“Gujarat Co-operatives Summit 2017”, Gujarat conference has been designed to discuss such challenges of cooperative banks. This summit will provide an interactive experience producing valuable, actionable outcomes. Participants will become part of an actively engaged community sounding board that generates productive ideas, activities and alliances during and between conferences.