To deliberate on the growth and development agenda of the banking sector in India, the Confederation of Indian Industry (CII) is organising the inaugural of National Banking Summit on February 11 in Financial Capital of India - Mumbai with the theme: “Reconfiguring Banking Systems – The Known Unknown”. Dr Raghuram Rajan, Governor, Reserve Bank of India (RBI) will be the Chief Guest at the Summit and will be addressing a large conglomeration of senior bankers and leaders from the Indian financial sector at the Special Session of the Summit, where recommendations on three focused areas: (1) Asset Resolution and Managing NPAs, (2) Regulations and Policy, and (3) Market Development and Need for Capital will be presented to him. 

Among other dignitaries, Mr S S Mundra, Deputy Governor, RBI will also be addressing the gathering. 

On eve of the launch of the CII Banking Summit, Mrs Shikha Sharma, the Chairperson of  CII National Committee on Banking said that “The banking sector in India is witnessing a major evolution with technology and innovation rapidly altering the existing landscape. As markets become more competitive and volatile, commercial success will depend on the ability to operate and scale up in an uncertain environment. Managing risk will become increasingly important.” 

In future, technology will make the engagement with banks more multi-dimensional even as other entities, markets and instruments for credit and financial services continue to develop and expand, added Mrs Sharma. 

Mr Chandrajit Banerjee, Director General, CII said that Banking is an important stakeholder for the industry and CII has been deliberating and discussing important issues and strength areas of the banking sector over the last several months and have come up with specific recommendations on the identified focus areas, which will be presented for RBI’s consideration. 

Post discussions during the day long sessions, presentations on the identified focus areas will be reported back at the Special Session with the RBI Governor, Dr. Raghuram Rajan. 

CII has taken a lead in organizing a focused programme of such a format that will culminate in specific outcomes/ recommendations for the Regulator to take cognizance of the concerns of the banking sector to move forward on the development agenda. CII is looking forward to a high level of discussions/ deliberations during the day and a meaningful presentation to be made to the RBI Governor. 

10 February 2016
Mumbai