GYAN SANGAMAM-TWO DAYS BANKING RETREAT.
All heads of public sector banks along with their Exectutive Directors will
be attending the Two day Gyan Sangamam (confluence of knowledge) at
Pune starting from today.Experts including the Consulting firm Mckinsey
will aid the bankers in formulating the strategies for the banking reforms
The six selected issues are:
1. Achieving Universal Inclusion.2.Leveraging technology & Digital to
improve cost efficiency.3.Fostering profitable priority sector lending.
4.Effective risk profiling & recovery mechanism.5.Building a robust
people motivation strategy for public sector banks.6.Consolidation
& restructuring of public sector banks for better efficiency,governance
and capital efficiency.
This Banker's Retreat is happening at a time when the NPA's are
increasing in PSB's and the number of wilful defaulters are on the
rise and there is pressure on profitability.
The Banker's Retreat should also evolve a mechanism to see that
there is no " write offs" of loans before the elections and also the
government should have an "arm's length" approach /control
over the banks.
Lastly, as PM & the Finance Minister, the RBI Governor and all the
Heads of banks will be present on the Two day event,it will be better
if they discuss & settle the pending Wage revision issue early which is
causing some unrest in the banking industry.The United Forum of Bank
Unions have called for a nation wide strike on 7th January,followed by
few more strikes which may cause inconvenience to the customers.As the
last wage revision has expired in 2012, an early settlement in the matter
is the need of the hour.