Objective: This program aims to provide an overview and an enhanced understanding for the Board of Directors on the KYC/AML framework including various measures and risks associated with KYC/AML non-compliance. This program will also discuss the latest developments relating to KYC and AML regulations for effective management oversight and strengthening the internal controls and systems in REs.

Abstract: This paper investigates whether rural road infrastructure can foster inclusive entrepreneurship. Using enterprise data from India, we examine how a national rural road construction program, which connected previously isolated villages, affects entrepreneurship across different social groups. Our findings reveal that new feeder roads increase the number of service enterprises for all caste categories, including marginalized groups. However, manufacturing entrepreneurship increases only among the non-marginalized caste groups. For marginalized groups, the increase in entrepreneurship appears to be a response to a relative decline in wage employment opportunities following road construction. Formal finance and education infrastructure serve as key channels through which road connectivity fosters entrepreneurship.

Objective: This five-day residential program, designed in collaboration with the Kautilya Leadership Centre is intended for senior management and future leaders in banks, NBFCs, and financial institutions. The program focuses on leadership competencies critical for senior officials in the financial sector, combining self-awareness, well-researched leadership frameworks, and experiential learning. These elements help bring the frameworks to life, generate personal insights for participants, and link learning to real organizational challenges. To enhance classroom engagement, curated pre-learning materials, including selected podcasts, will be shared in advance.

This program aims to provide a comprehensive review of challenges and regulatory expectations with regard to robustness of digital banking eco-system. It aims to provide an understanding of the potential benefits that advanced technologies may offer, and the changes required in the structure and control processes within the organization. It will also provide a platform for peer level discussion and interaction with other key stakeholders.

This one-day program seeks to update participants on the latest policy developments, regulatory trends, and structural shifts in India’s financial markets.

Objective: This program aims to deepen understanding of climate-related financial risks and sustainable finance among senior leaders. It will focus on the evolving landscape of physical and transition risks, the integration of climate considerations into governance and risk-management frameworks, and explore emerging regulatory and disclosure requirements. The program will also provide an opportunity to ways towards a de-carbonized balance sheet in financial institutions and engage constructively with the regulators and experts, to support national climate commitments.

Objective: This conference will enhance the understanding of the participants on the various developments around data security and the management of data in the backdrop of the new DPDP rules. This conference will be useful for senior officials handling and responsible for data integrity & data protection, and also for board-level functionaries who are responsible for the overall data governance in the organisation.

The rapid adoption of Artificial Intelligence (AI) and Generative AI (GenAI) in developed countries are fundamentally reshaping the core activities of Human Resource divisions in leading global financial institutions. To make our country a developed nation (Viksit Bharat) by 2047, the CHROs and CLOs of banks/NBFCs/FIs are required to be well prepared for an AI-driven workforce for better productivity while ensuring data integrity and seamless customer service. This presents not just a technological shift, but also an urgent human capital challenge concerning re-skilling, organizational design and ethical governance. This conference is designed to facilitate action-oriented and interactive session among top HR leaders of India’s Financial Sector. The aim is to collaboratively forge new, strategic playbook for building a future-ready workforce that aligns with the highest standards of ethical AI-governance and AI-compliance in the Regulated Entities (REs).

Abstract: We present causal evidence on how employment protection legislations (EPL) that penalize firms for hiring contractual workers can have adverse effects in contexts characterized by high levels of informality. While they increase compliance and reduce informality on the "intensive margin'' as formal sector firms reduce hiring contract workers, they increase informality on the "extensive margin'', as firms move to operating in the informal sector instead. This lowers aggregate productivity, wages, and welfare in equilibrium. Counterfactual simulations demonstrate the significance of carefully designing EPL in contexts where informality is prevalent.