Continued...He said that these measures need to be sustained and pursued to their logical end so that they bear the desired fruit. He added that the global financial meltdown exposed the inherent weaknesses
of financial structures that were once considered strong and healthy and considerably altered the focus of policy discourse in the world. He commended the fact that India has recovered its growth momentum much faster than most others.
While on the one hand he expressed happiness about the fact that the deposit rate and credit growth in the banking sector have recorded growths of 15 and 21 per cent respectively, he also made known his concern about the issue of asset quality. He told the gathering that NPAs during the year 2010-11 had increased as against the previous year.
Mr. RN Dhoot, MP, Rajya Sabha and SVP, ASSOCHAM said that India will cross the magic milestone of three trillion dollars by 2020. This will happen because of a strong banking system, and assured the audience that ASSOCHAM will carry a lion’s share in making inclusive growth a reality.
Speaking about the challenges being faced by public sector banks, Mr. J. M. Garg, Vigilance Commissioner, Central Vigilance Commission said that because fresh recruitment was banned, banks are not able to find enough talent at the middle level. He suggested that banks should recruit young people and train them in the next four or five years, so that they can be placed at various levels to overcome the gap.
The session was also addressed by Mr. Narendra Jadhav, Member, Planning Commission, who said that banks will have to play a crucial role in the 12th Five Year Plan to be centered on the social sector, particularly on health, education and skill development. For these, a significant amount of credit support would be needed. Continue..
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of financial structures that were once considered strong and healthy and considerably altered the focus of policy discourse in the world. He commended the fact that India has recovered its growth momentum much faster than most others.
While on the one hand he expressed happiness about the fact that the deposit rate and credit growth in the banking sector have recorded growths of 15 and 21 per cent respectively, he also made known his concern about the issue of asset quality. He told the gathering that NPAs during the year 2010-11 had increased as against the previous year.
Mr. RN Dhoot, MP, Rajya Sabha and SVP, ASSOCHAM said that India will cross the magic milestone of three trillion dollars by 2020. This will happen because of a strong banking system, and assured the audience that ASSOCHAM will carry a lion’s share in making inclusive growth a reality.
Speaking about the challenges being faced by public sector banks, Mr. J. M. Garg, Vigilance Commissioner, Central Vigilance Commission said that because fresh recruitment was banned, banks are not able to find enough talent at the middle level. He suggested that banks should recruit young people and train them in the next four or five years, so that they can be placed at various levels to overcome the gap.
The session was also addressed by Mr. Narendra Jadhav, Member, Planning Commission, who said that banks will have to play a crucial role in the 12th Five Year Plan to be centered on the social sector, particularly on health, education and skill development. For these, a significant amount of credit support would be needed. Continue..
Read More IIPM Related Articles
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
P rofessor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
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IIPM B-School Facebook Page
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