Ever since the demonetization, the Indian economy has seen a gradual shift. The Indian government’s focus on building a "Digital India" added to the overall requirement to shift towards a digital economy. What followed is a change in the way money moves in through different stakeholders. With a focus on building a cashless economy in the country and the advent of UPI and BHIM, there is a tectonic shift that is happening already. With this, there is a shift in the world of investment banking too, that is changing modern-day practices. All this and more was discussed recently when InsideIIM went to the scenic Goa Institute of Management campus over a cup of coffee with Academics Dean Dr. Neeraj Amarnani.
With over 23 years of corporate and academic experience, Dr. Neeraj Amarnani talks about the changing dimensions of finance and BFSI as a sector in this video. Be it describing the confirmation biases of the end-user or breaking down an important financial concept of Anchoring, Dr. Amarnani lays out some facts with interesting anecdotes in this video. Dr. Amarnani also puts an emphasis on the requirement of a certain shift in academics that would prepare the future leaders to take up challenges in the BFSI sector. He delves deeper into the technological shift in the day to day financial practices of the end customer and explains what he thinks will follow in this conversation.
From technology to understanding consumer behavior in varied financial transactions in the modern-day world, Dr. Amarnani puts forth a clear picture of how digital India is changing the BFSI sector and what do you need to do to cope with it!
Tell us in the comments section below about how you have experienced a shift in the way you deal with your finances post demonetization!
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