Dr C Rangarajan inaugurates IBEX India 2013

"Indian banks need to modernize and adapt new technologies to keep pace with global advancements" says Dr. C Rangarajan, Chairman of the Prime Minister's Economic Advisory Council at the inauguration of IBEX India 2013.

India's only Trade Exhibition & Conference for Banking technologies, "IBEX INDIA 2013" is on till January 19 2013 at the Bandra-Kurla Complex, Mumbai.

"Indian Banks need to modernize and upgrade themselves in order to be counted in the Global markets for which Indian Banks need to adopt Modern Technologies, Solutions, Processes & Services required for Mobile, Retail Banking & Corporate Banking.", said Dr. C Rangarajan, Chairman of the Prime Minister?s Economic Advisory Council while inaugurating the 2nd edition of INTERNATIONAL BANKING EXPO INDIA (IBEX INDIA 2013).

India's only comprehensive B2B Trade Fair for Banking Technologies, Equipment & Services. The Exhibition is being organized by PDA Trade Fairs from 17th Jan to 19th Jan 2013 at Bandra KUrla Complex, Mumbai. India's Financial Institutions, Nationalized Banks & Private Banks such as The Security & Minting Corporation of India, DENA BANK, UCO BANK, SYNDICATE BANK, ALLAHABAD BANK & YES BANK are extending their support to the initiative.

Dr. Rangarajan also commented that shows like the IBEX help catalyze the modernization process and in extension enable banks to offer borderless, smooth, efficient banking experience to the consumer. Delivering the keynote address themed "Delivering Technologies for Innovative Banking", Dr Rangarajan dilated on a spectrum of issues across all banking functions that are of relevance to the Indian Banking Sector.

Dr. Saumitra Chaudhuri, Member, Planning Commission, Government of India; Dr. KC Chakrabarty, Deputy Governor, RBI; Mr. Anand Sinha, Deputy Governor, RBI; Mr. Sambamurthy, Director, IDRBT; Mr. A P Hota, MD & CEO, NPCI; Mr. Allen C Pereira, Director, NIBM; Mr. M V Tanksale, CMD, Central Bank of India and Mr. R M Malla, CMD, IDBI Bank , Mr. Sarkar CMD Union Bank are a few of the other the prominent speakers at the IBEX INDIA 2013 Conference.

With over 90,000 bank branches & still counting, there is a pressing need for Banks in India to update Technologies, Services and Equipment to provide efficient world class banking to the Retail Bank customer & the Corporate Bank customer. Alongside the Conference, IBEX INDIA 2013 is feature an extensive trade exhibition showcasing the latest in banking technology from across the world. The products, services and solutions on display include ATMs, security devices, counterfeit detectors, counting machines, software solutions, payment solutions and much more.

The first edition of IBEX INDIA, held in December 2011, was the only exhibition of its kind for the banking industry in India that featured a three day Trade Exhibition complemented by a two day Business Seminar & an Exclusive Security Conclave. It drew over 50 exhibitors from across the industry spectrum around the world & helped the banking community compare, benchmark & adopts relevant technologies.

IBEX INDIA aims to take the industry forward by continuing the discussions and interactions that began during IBEX INDIA 2011. It will provide a platform to enable Bank officials from all levels to explore new technology & equipment required for Retail Banking as well as Corporate Banking & simultaneously interact with leading banking equipment / technology manufacturers, vendors & service provides from around the world.

IBEX INDIA is supported and endorsed by HDFC, Syndicate Bank, Yes Bank, UCO Bank, Dena Bank, IDBI, Oriental Bank of Commerce and Bank of Maharashtra amongst others. With the unanimous support of the banking industry, IBEX INDIA 2013 promises to be a benchmark event for the Indian Banking Sector.

Accura Infotech, AGS Transact Technologies, BankersLab, Glory Currency Automation, Honeywell, Hitachi, Forbes Technosys, Kores, Kusters, OKI, Perto, Giesecke & Devrient, Methodex Systems, TYCO etc are some of the technology vendors who have participated in IBEX INDIA 2013.

Source : Equity Bulls

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