Building the Future Banking Infrastructure

The banking landscape in India is undergoing a seismic transformation. Babu Nair, Managing Director and Founder of Banking Frontiers hosted a compelling fireside conversation with Ashish Singhal, CEO of the Indian Bank Digital Infrastructure Corporation (IBDIC).

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Ashish unveiled the intricate layers of his journey from a seasoned banker to the architect of India’s banking infrastructure future.

This dialogue sheds light on IBDIC’s ambitious vision, its role in transforming the financial ecosystem, and the collaborative ethos driving innovation within the sector.

A JOURNEY

Ashish Singhal’s illustrious career spans leadership roles at ICICI Bank, Experian Credit Bureau, & Shamrao Vithal Cooperative Bank (SVC). Each chapter of his professional journey has enriched his perspective, equipping him to lead IBDIC, a consortium of 18 banks controlling 90% of India’s banking sector.

Reflecting on his transition, Singhal humbly attributes his success to fortuitous opportunities, unwavering institutional support, and a deep commitment to problem-solving. He explains that his career trajectory wasn’t meticulously planned but rather shaped by a confluence of learning, adaptability, and perseverance.

IBDIC: A COLLABORATION

Founded in 2021 as the Indian Bank Blockchain Infrastructure Company, IBDIC evolved into the Indian Bank Digital Infrastructure Corporation, expanding its mission to include broader digital solutions. Its core mission rests on four pillars:

Shared Infrastructure Development: Creating common digital infrastructure to reduce redundancy and costs.