Page 50 - Banking Finance August 2022

EVENTS

Forthcoming Events

Media Partner: Banking Finance

Global Fintech Fest 24th Edition CFO LEADERSHIP SUMMIT

19-22 September 2022, Jio World Trade Centre, 22nd September 2022, India
The conference will focus on topics such as, Changing Roles
Mumbai
of CFO: How is technology transforming the role of a CFO,
Fintech Convergence Council (FCC), Payment Council of India
The Future of Automation in Finance and ESG - CFO, the
(PCI) and National Payments Corporation of India (NPCI) are
Driver of Sustainability.
organising the third edition of the Global Fintech Fest
https://cfoleadershipsummit.com/india/
(GFF2022), September 19 - 22, 2022. The theme for
GFF2022, a four-day-long hybrid event, is 'Creating A
International Business Magazine
Sustainable Financial World - Global | Inclusive | Green'.
Annual Awards
https://globalfintechfest.com/
October 29, 2022, DUBAI
International Business Magazine Awards is established with
2nd Annual Islamic FinTech Leaders the prime objective of admiring the best in class
achievements pertaining to budding Industrial talent, global
Forum
leaders, Corporates, etc across varied spheres related with
21-22 Sep 2022, Pavilion Hotel Kuala Lumpur |
the International Business and Finance arena
Hybrid
http://www.intlbm.com/
The Islamic finance sector is currently growing at a rate of
15% to 25% per year with Islamic financial institutions 10th Annual CX Asia Week2022
managing assets worth over US$2.2 trillion globally. According
November 21 - 24, 2022 |Sands Expo and
to global data provider Refnitiv, the Islamic finance industry
Convention Centre, Singapore
is projected to reach US$4.94 trillion in 2025.
The 10th CX Asia Week remains Asia's leading platform
Now in it's 2nd year Islamic FinTech Leaders returns in-
bringing the region's CX leaders together to debate new,
person. Over 2 days you can meet the global leaders from
innovative and transformative strategies for both customers
Islamic banks, regulators, venture capitalists, accelerators,
and businesses alike. Join us as we celebrate success of best
startup entrepreneurs and sharia scholars who are driving practices, learn from real-life lessons and build strategies
the global Islamic Financial technology industry forward. together to reach the new, gold standard of CX.
https://emnesevents.com/islamic-fintech-leaders-summit- https://www.cxnetwork.com/events-
2022/ customerexperienceasia

Foreign currency deposit rates hiked
India's top banks including SBI, ICICI Bank, and IDFC First Bank have raised interest rates on foreign currency non-
resident deposits. This in response to the Reserve Bank's relaxation recently to shore up forex inflows. he country's
largest private sector lender HDFC Bank has also revised the rates on foreign currency (non-resident) deposits. How-
ever, it has clarified that the revision is not in response to the latest RBI move and it will take a call on revising the
rates further going forward. The largest public sector lender State Bank of India (SBI) has revised the foreign cur-
rency non-resident deposits (FCNR) rates on US dollar in the range of 2.85-3.25 per cent per annum on various ten-
ure US dollar deposits with effect from July 10, 2022. SBI has hiked the rate on one-year tenure FCNR USD deposits
to 2.85 from 1.80 per cent earlier. For deposits of 3-4 years and 5 years, it has been hiked to 3.10 per cent and 3.25
per cent, respectively. The previous rates were 2.30 per cent and 2.45 per cent.

50 | 2022 | AUGUST | BANKING FINANCE