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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 .....

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held on 4th and 5th March, 2016. The Finance Minister Shri Jaitley said that as part of strategy for consolidation of banks, an Experts Group would be constituted immediately to look into all the issues related to same. Briefing the media after conc .....

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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 .....

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ices (DFS), Regulators, officers of the Department of Financial Services, Ministry of Finance and top management of all the Public Sector Banks (PSBs). The event built on the experience gained and progress made since First Gyan Sangam, held in Januar .....

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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, th .....

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om IFC and L&T Infrastructure Finance. Representatives of McKinsey & Company, the knowledge partners at the event, provided a perspective on current state of banks in India. As in the previous year, Working Groups consisting of senior public .....

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isk Management. The Groups had intense debates on the issues facing the sector, potential solutions and key initiatives to be taken to help resolution. The morning session on Day-2 began with a talk by Swami Sukhabodhanandji on Spirituality in turbul .....

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