2 Day- Retreat for Banks and Financial Institutions called GYAN SANGAM

Two days’ “Retreat for Banks and Financial Institutions” called  “Gyan Sangam”would at held on 4^th and 5^th March, 2016 at State Bank Academy, Gurgaon (Haryana.).  The Opening Address will be made by the Minister of State for Finance, Shri Jayant Sinha on March 4, 2016 which will be followed by the Key Note Address by the Governor, Reserve Bank of India, Dr. Raghuram Rajan. This is second Gyan Sangam. First one was held last year in January, 2015 at Pune. Participants in this Bankers’ Retreat include Ms Anjuli Chib Duggal,, Secretary, Department of Financial Services (DFS), Regulators, Officers of the Ministry of Finance, top Management of all Public Sector Banks (PSBs), Insurance Companies and Financial Institutions (FIs).

This retreat has been held to take forward the Government’s commitment to reforms in the banking and financial sector.  The growth and change in the financial sector ought to be in tune with the development in the real sector.

The idea of organising such a retreat is to provide an informal academic environment, which can bring out the creative best of the minds of professionals and regulators.

The Chief Executives of these organisations, from their years of experience in the business, have many ideas about the reforms in banking sector. The objective of this Retreat is to arrive at a common understanding among the professionals, Regulators and the Government on the reform, required in the Public sector Banks (PSBs) in the current economic situations.

Two days programme is annexed.

The participants have been divided into five Working Groups. The Groups have been formed keeping in view the outcomes related to access, efficiency, stability, profitability/value creation. Working Groups include one each on Restructuring,(M/A), NPA Management and Recovery, Technology, digital and Financial Inclusion, Credit Growth and Risk Management.

These Groups would hold discussions and finalise their reports and present them before the Finance Minister Shri Arun Jaitley on second day,5^th March, 2016.

The two-day conference will end with a Press Conference on March 5, 2016