Hyderabad: The Department of Finance and Accounting, ICFAI Business School, Hyderabad is holding the 15th edition of its three-day International Conference on Business and Finance (ICBF-2022) in virtual mode until 29 January.
Delivering the keynote address, Member of the Monetary Policy Committee and Emeritus Professor at IGIDR, Dr. Ashima Goyal decoded the riddle of the surprising recovery of the financial sector and to some extent the economy as well.
She felt that in the environment of a facilitative monetary policy, it was non-bank financing that fueled the economy.
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In the banking sector, Dr. Goyal clarified that in 2021, NPAs and CRAR were better than expected compared to 2019, as there was overall efficiency in collection and recoveries.
In his presidential address, ICFAI Foundation Vice-Chancellor for Higher Education, Professor Mahender Reddy, urged the research community at large to deliberate on the emerging challenges of the convergence of technology and finance. , growing sustainability awareness and reporting, and the valuations and future of unicorn startups.
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