Speakers foresee bright future for banking sector

Visakhapatnam: The Department of Commerce and Management Studies, Andhra University, in association with Indian Institute of Banking and Finance, Mumbai, organised a seminar on ‘Banking–Past, Present and Future’ here on Thursday.

Speaking at the seminar, Deputy CEO of IIBF Mumbai Dr Sudhir Galande said that unless candidates improve their competency there are no guaranteed jobs in present and future. Dr Sudhir Galande spoke about the history of banking industry in the country and explained how, where and when the banks are facing serious issues.

Another speaker and Deputy Zonal Manager of Bank of India DV Reddy spoke about the understanding of banking sector with reference to different professions and functioning of each profession separately according to which banks function.

Registrar of Andhra University, Prof V Uma Maheswara Rao mentioned about traditional banking system and how people were appreciated for working in banking sector as it was considered a white collar job in earlier days but now with the advancement in technology they are a part of us.

Principal College of Arts and Commerce of Andhra University Prof K Rama Mohan Rao briefed about integration of government policy and banking policy

Another speaker E Koti Reddy said that there is a bright future for banking sector which would be mostly operated through mobile as digitalisation is growing in the country in addition, he also mentioned that in future more focus will be on social security and banks would tie up with agencies for specialised monitoring.

At the end of the technical sessions, there was a discussion where students participated and clarified their doubts relating to banking and finance.