Two days’ “Retreat for Banks and Financial Institutions” called “ज्ञान संगम” “Gyan Sangam”would at held on 4th and 5th 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,5th March, 2016.

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

 Two day Schedule is also attached.

Banking reform retreat convenes industry leaders to develop consensus recommendations and working-group reports for government consideration. A two-day retreat brings senior officials, regulators and top management of public sector banks and financial institutions together to advance the Government's banking reform agenda. Participants are organised into five Working Groups on Restructuring (M&A), NPA Management and Recovery, Technology, Digital and Financial Inclusion, Credit Growth and Risk Management; the Groups will finalise reports and present recommendations to the Finance Minister to inform policy and supervisory priorities.