Two Day Bankers retreat in Pune to focus on achieving Universal Financial Inclusion

India Infoline News Service | Mumbai | December 31, 2014 17:27 IST

Government of India, Ministry of Finance, Department of Financial Services in collaboration with Central Advanced Financial Research And Learning (CAFRAL) and National Institute of Bank Management (NIBM), is organising a two days Retreat for Public Sector Banks, Public Sector Insurance Companies and Financial Institutions.

Government of India, Ministry of Finance, Department of Financial Services in collaboration with Central Advanced Financial Research And Learning (CAFRAL) and National Institute of Bank Management (NIBM), is organising a two days Retreat for Public Sector Banks, Public Sector Insurance Companies and Financial Institutions.

All CMDs of Public Sector Banks, Public Insurance Companies, Financial Institutions and all Executive Directors from Public Sector Banks will attend the function. Finance Minister, MOS (Finance),Chief Economic Advisor, Finance Secretary, Secretary (Financial Services), Governor, RBI and Deputy Governors, RBI will participate. The two day top level “Retreat for Banks and Financial Institutions” is also termed as “ ‘Gyan Sangam’.

The Retreat will start at 01.30 PM on 02nd of January, 2015. After the introductory session where objectives of such an exercise are explained, there will a session on best practices where outstanding work done by banks will be showcased. The list of best practices selected for presentation is enclosed. After that the methodology for working discussion groups will be explained and 03.45 PM onwards the groups will start discussing and debating the following six issues:-

Achieving universal financial inclusion.
Leveraging technology & digital to improve banking operations efficiency.
Rethinking priority sector lending.
Improving risk management, asset quality and recovery.
Building a robust people strategy for PSBs.
Consolidation & restructuring of PSBs for better efficiency, governance & capital efficiency.


The groups will discuss everything threadbare in presence of experts. The list of experts group-wise is annexed. The groups will finalise the report and report it back to plenary. On the second day, the day will begin with yoga. Regular sessions will begin at 09.00 A.M. with a talk by Swami Sukhbodhanandji on “Leadership and Change Management”. Finance Minister & Governor, RBI will join the deliberation for the entire day on 03rd January, 2015. After 10.30 AM, the groups will make presentation about their discussions, findings and recommendations. There will be a talk on financial architecture of MSME by Shri K.V. Kamath, who is also heading a committee on the same subject. The Prime Minister will arrive at 04.30 PM. The groups again re-grouped into three will make brief presentations before the Prime Minister. Thereafter, the Prime Minister will interact and address the gathering. The Retreat would be concluded around 07.00 P.M.
 

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