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Finance Minister Shri Arun Jaitley Experts Group Would Be Set-Up Immediately to Look Into All Issues Related to Consolidation of Public Sector Banks To Have Strong Banks; Second Edition of Two Day Bankers Retreat Gyan Sangam 2.0 Concludes

News and Press Release - Dated:- 7-3-2016 - The Union Finance Minister Shri Arun Jaitley said that the bankers themselves have supported the proposal of consolidation of banks in order to have strong banks rather than having numerically large number of banks. The Finance Minister Shri Jaitley was replying to a question in a Press Conference after the conclusion of the Second Edition of the Bankers Retreat Gyan Sangam 2.0 at State Bank Academy at Gurgaon (Haryana). The two day Bankers Retreat was .....

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at and Department of Financial Services (DFS) is looking into the same. Shri Jaitley said that Bankruptcy and Insolvency Law may also be through in second part of the current Budget Session. Those who participated in the two day Retreat include among others Shri Jayant Sinha, Minister of State for Finance, Dr. Raghuram Rajan, Governor, Reserve Bank of India(RBI), Shri Shatikanta Das, Secretary, Department of Economic Affairs (DEA), Smt. Anjuly Chib Duggal, Secretary, Department of Financial Serv .....

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y bankers at last year s event. Dr. Raghuram Rajan, Governor, Reserve Bank of India (RBI) in his address summarised the current banking context and discussed potential solutions with the banker audience. In his key note address, Shri Jayant Sinha, the Minister of State for Finance encouraged banks to adopt innovative transformative approaches, to ensure the sector continues to support strong growth in the economy. The event also saw presentations on project financing best practices by experts fr .....

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