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Bharat Coop leads Indian cooperative sector’s digital transformation

Organised by B2B Market Media | The Founder Media, the Bharat Cooperative Banking Summit and Awards (Bharat Coop) 2024 saw participation from more than 300 people

by Akanki Sharma
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The Bharat Cooperative Banking Summit and Awards (Bharat Coop) 2024 was organised by B2B Market Media | The Founder Media on 22nd May in Mumbai under the theme “Digital transformation in cooperative banks,” that saw more than 300 participants.

The inaugural session titled “Digital Transformation – Revolutionising the Indian Cooperative Sector” brought together key stakeholders from the cooperative banking sector, government officials and technology leaders. The session aimed at exploring the impact of digital transformation on the cooperative sector in India and addressed the pressing challenges and opportunities in the industry.

The event was graced by Laxmi Das, President, National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB); Sunil Deora, Director, NAFCUB; Gautambhai Vyas, Director, NAFCUB; Madan Gopal Swami, Director, NAFCUB; Subhash Mohite, Chairman, Pune District Urban Cooperative Banks Association; Alka Srivastava, Director, NAFCUB and MP Urban Banks Federation; Ramlal Sanap, CEO, Nashik District Urban Banks Association; and Amit Raghuwanshi, Head – Government Business, Acer.

The technical presentations at the summit added value to the discussions, with Samit Shetty, Enterprise Leader – Automation, IBM India South Asia discussing automation; Deepu Chacko, Senior Director, Solution Engineering, Salesforce, elaborating on fostering growth with data, AI, CRM and trust; and Sudarsan, Presales Engineer, ManageEngine Site24x7, highlighting the importance of observability for financial and digital resilience. Jigisha Bhatia, Regional Business Manager – Commercial Business, Acer, spoke on breaking barriers between people and technology.

The conference also featured three panel discussions. The first, “Digital Banking: The Path to Pursuing Digitisation,” was moderated by Yogesh Valunjkar, Director, DNS Bank, and included panelists Prasad Patil, CEO, Vishwas Cooperative Bank; Narendra Singh Dabi, MD and CEO, Adarsh Cooperative Bank Rajasthan; Daljit Dogra, MD and CEO, Zoroastrian Cooperative Bank; Vishram Dixit, CEO, NAMCO Bank; Sanjay B Shirgave, CEO, KAIJS Bank; Ramanan SV, CEO, Intellect Design; and Prakash Somaiya, Senior Director, Head – Sales and Consumer Success, Finnate by Centelon. The key topics of discussion included mobile banking, UPI ATM, cloud computing, digital lending and future trends in digital payments.

The second panel, “Customer is King: Role of Technology in Customer-Oriented Banking,” moderated by Ravikiran Mankikar, CMD, RKM Consultants, focussed on serving tech-savvy customers, mobile and internet banking, and extending services through ATMs. Panelists included Vitthal Dhanani, CEO, Varachha Cooperative Bank; Arti Dhole, CTO, COSMOS Bank, Srinivas Rao, CIO, Saraswat Bank, Onil Nunes, CIO, Bassein Catholic Cooperative Bank and Akash TK, Senior Presales Consultant, ManageEngine Site 24×7.

The third panel, “Cyber Security: Critical Block for UCBs for Fearless Growth,” again moderated by Valunjkar, addressed issues such as strengthening customer loyalty, safeguarding data and protecting banks from reputational damage and regulatory costs. Panelists included Bhaskar Rao, CISO, Bharat Bank; Ashok Kr Tiwari, CISO, Vasai Vikas Cooperative Bank; Madana Gopala Swamy, Chairman, Adarsh Cooperative Bank, Hyderabad; Kailas Pawar, CIO, Pune Peoples Cooperative Bank; Ronil Mehta, Director – Technical, Magnamious Systems; and Jagdish Mehta, Brand Technical Specialist, Security Software, IBM India South Asia.

The summit also witnessed technical presentations from Hari KV, Delivery Director, Intellect Design on “Empowering Cooperative Banks with Intellect Digital Core;” Prakash Somaiya, Senior Director, Head – Sales and Customer Success, Finnate by Centelon, on “Emerging trends in digital lending;” Varun Khullar, Head – BFSI, Leadsquared, on “Empowering Cooperative Banking with Leadsquared: Simplified customer journey management;” Sunil Pandita, VP – Sales, India and South Asia, Newgen, on “Achieving true digital banking with the NewgenONE Low-code platform” and Tanveer Shaikh, Senior Sales Engineer (West), SOPHOS, on “Cybersecurity challenges in Cooperative Banking: Trends and Solutions.”

The summit also saw a keynote session being delivered by Sumnesh Joshi, Deputy Director General (Joint Secretary Level), Ministry of Communications, Government of India, that provided insights into the regulatory and policy framework supporting the digital transformation of the cooperative banking sector.

The summit concluded with the Bharat Ratna Sahakarita Samman 2024 felicitation ceremony, honouring the outstanding contributions to the cooperative banking sector.

The winners, as follows, were felicitated by Joshi.

SEGMENTNOMINATION CATEGORYWINNER
MAHILA COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARALKA SHRIVASTAVA, CHAIRPERSON, LAXMIBAI MAHILA NAGRIK SAHAKARI BANK
MAHILA COOPERATIVE BANKBEST DIRECTOR OF THE YEARSHEETAL RAVINDRA THAKRE, DIRECTOR, WARDHA DISTRICT ASHIRWAD MAHILA NAGARI SAHAKARI BANK
MAHILA COOPERATIVE BANKBEST MAHILA URBAN COOPERATIVE BANKWARDHA DISTRICT ASHIRWAD MAHILA NAGARI SAHAKARI BANK
MULTI-STATE COOPERATIVE BANKBEST CBS IMPLEMENTATIONZOROASTRIAN COOPERATIVE BANK
MULTI-STATE COOPERATIVE BANKBEST CEO OF THE YEARNARENDRA SINGH DABI, CEO, ADARSH COOPERATIVE BANK, RAJASTHAN
MULTI-STATE COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARDURGESH CHANDAVARKAR, CHAIRMAN, SVC CO-OPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARSURYAKANT J SUVARNA, CHAIRMAN, BHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED
MULTI-STATE COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARYAZDI TANTRA, CHAIRMAN, ZOROASTRIAN COOPERATIVE BANK
MULTI-STATE COOPERATIVE BANKBEST CISO OF THE YEARASHOK KUMAR TIWARI, CISO, VASAI VIKAS SAHAKARI BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST CYBER SECURITY INITIATIVEBHARAT CO-OPERATIVE BANK (MUMBAI) LIMITED
MULTI-STATE COOPERATIVE BANKBEST CYBER SECURITY INITIATIVEGAYATRI COOPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST CYBER SECURITY INITIATIVESVC CO-OPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST DATA CENTRE IMPLEMENTATIONTHE COSMOS CO-OPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST DIGITAL PAYMENTS INITIATIVEGAYATRI COOPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST DIRECTOR OF THE YEARYOGESH VALUNJKAR, DIRECTOR, DOMBIVLI NAGRIK SAHAKARI BANK
MULTI-STATE COOPERATIVE BANKBEST MOBILE BANKING INITIATIVEGAYATRI COOPERATIVE BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST MOBILE BANKING INITIATIVETHE NASIK MERCHANTS CO OP BANK LIMITED, NASHIK
MULTI-STATE COOPERATIVE BANKBEST MULTI-STATE URBAN COOPERATIVE BANKTHE NASIK MERCHANTS CO OP BANK LIMITED, NASHIK
MULTI-STATE COOPERATIVE BANKBEST MULTI-STATE URBAN COOPERATIVE BANKPUNE PEOPLES COOPERATIVE BANK
MULTI-STATE COOPERATIVE BANKBEST NPA MANAGEMENTTHE KALYAN JANATA SAHAKARI BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST NPA MANAGEMENTZOROASTRIAN COOPERATIVE BANK
MULTI-STATE COOPERATIVE BANKBEST RISK MANAGEMENT INITIATIVETHE KALYAN JANATA SAHAKARI BANK LIMITED
MULTI-STATE COOPERATIVE BANKBEST WOMAN LEADER OF THE YEARASHWINI VINEKAR, GM – HRM, ADMINISTRATION, PROCUREMENT, PREMISES & DEVELOPMENT, SVC CO-OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST CBS IMPLEMENTATIONLIC EMPLOYEES CO-OPERATIVE BANK LTD, UDUPI
URBAN COOPERATIVE BANKBEST CEO OF THE YEARLAXMIKANT KULKARNI, CEO, BHAUSAHEB SAHAKARI BANK LIMITED, UDGIR
URBAN COOPERATIVE BANKBEST CEO OF THE YEARSHIVAJI DETHE, CEO, ABHINANDAN URBAN COOPERATIVE BANK
URBAN COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARAJAY PATIL, CHAIRMAN, YADRAV CO-OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARBHAGWANRAO PATIL, CHAIRMAN, BHAUSAHEB SAHAKARI BANK LIMITED, UDGIR
URBAN COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARKISHORE J SHITOLE, CHAIRMAN, DEOGIRI NAGARI SAHAKARI BANK
URBAN COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARNAMDEORAO RAMRAO PAWAR, CHAIRMAN, LOKVIKAS NAGARI SAHAKARI BANK LIMITED
URBAN COOPERATIVE BANKBEST CHAIRPERSON OF THE YEARAKBER CHASMAWALA, CHAIRMAN, ALAVI URBAN COOPERATIVE BANK
URBAN COOPERATIVE BANKBEST CISO OF THE YEARPARESH KELAWALA, GM-IT, THE VARACHHA COOPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST CYBER SECURITY INITIATIVETHE KURLA NAGARIK SAHAKARI BANK LIMITED
URBAN COOPERATIVE BANKBEST DATA CENTRE IMPLEMENTATIONSRI KANYAKAPARAMESWARI CO-OPERATIVE BANK LIMITED, MYSORE
URBAN COOPERATIVE BANKBEST DIGITAL BANK OF THE YEARTHE VARACHHA COOPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST DIGITAL PAYMENTS INITIATIVESAIBABA NAGARI SAHAKARI BANK MARYADIT SAILU
URBAN COOPERATIVE BANKBEST DIGITAL PAYMENTS INITIATIVETHE UDUPI CO-OPERATIVE TOWN BANK LIMITED
URBAN COOPERATIVE BANKBEST DIRECTOR OF THE YEARMASOOMALI MOTIWALA, DIRECTOR, ALAVI CO OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST FRAUD CONTROL INITIATIVETHE ADARSH COOPERATIVE URBAN BANK LIMITED
URBAN COOPERATIVE BANKBEST IT HEAD OF THE YEARKRITHIK RAJ K, IT-HEAD, TEACHERS CO-OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST MD OF THE YEARMANJUNATHA SHETTY, MD, TEACHERS CO-OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST MD OF THE YEARZAKIRHUSAIN MARCHAWALA, MD, ALAVI CO OPERATIVE BANK LIMITED
URBAN COOPERATIVE BANKBEST NPA MANAGEMENTJALORE NAGRIK SAHAKARI COOPERATIVE BANK
URBAN COOPERATIVE BANKBEST NPA MANAGEMENTPOCHAMPALLY CO-OPERATIVE URBAN BANK LIMITED
URBAN COOPERATIVE BANKBEST NPA MANAGEMENTRAJAPUR URBAN CO-OP BANK LIMITED, RATNAGIRI
URBAN COOPERATIVE BANKBEST NPA MANAGEMENTTHE KURLA NAGARIK SAHAKARI BANK LIMITED
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – ANDHRA PRADESH STATETHE MAHARAJA COOPERATIVE URBAN BANK LIMITED
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – GUJARAT STATETHE BARDOLI NAGRIK SAHAKARI BANK LIMITED
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – KARNATAKA STATETHE UDUPI CO-OPERATIVE TOWN BANK LIMITED
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – KARNATAKA STATEMAHALAKSHMI CO-OPERATIVE BANK LIMITED, UDUPI
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – MAHARASHTRA STATEJANATA CO OP BANK LIMITED, MALEGAON
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – MAHARASHTRA STATEMAHATMA FULE URBAN COOPERATIVE BANK LIMITED, AMRAVATI
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – MAHARASHTRA STATERAJAPUR URBAN CO-OP BANK LIMITED, RATNAGIRI
URBAN COOPERATIVE BANKBEST URBAN COOPERATIVE BANK – TELANGANA STATETHE POCHAMPALLY CO-OPERATIVE URBAN BANK LIMITED
URBAN COOPERATIVE BANKBEST YOUNG LEADER OF THE YEARYASHPAL A SUVARNA, CHAIRMAN, MAHALAKSHMI CO-OPERATIVE BANK LIMITED, UDUPI

The Bharat Coop 2024 highlighted the role of digital transformation in revolutionising the Indian cooperative sector. It provided a platform for meaningful dialogues, knowledge sharing, and the forging of new alliances, setting the stage for future advancements in the industry.

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