Mumbai 14th June 2019: The IMC Chamber of Commerce and Industry in association with the Institute
of Chartered Accountants of India (ICAI) concludes the 10th Banking &
Finance conference.The
audience and speakers comprising of veteran bankers, professionals from banking
& finance sectors engaged in discussions in a daylong conference organized
by The IMC Chamber of Commerce and Industry and the Institute of Chartered
Accountants of India (ICAI) to chart a roadmap for “India a Ten Trillion Dollar
Economy by 2030: Role of Banks” the theme of the conference. The discussions
included Project Finance, Corporate governance in banks, transformation in
Indian banking sector, and cyber security in banks, inclusive banking and
stressed assets.
The chief guest at
the event, Mr. Sudhir
Mungantiwar, Minister (Finance and Planning, Forests), Government of
Maharashtra at the event said “Family values contribute to national welfare.
The minister suggested a change in mind-set in banking through inclusive innovation and
financial inclusion. He said considering the current global economy, India is in a sweet spot for growth at a higher rate.
He said diversification of resources of wealth is the key to the goal of Ten
Trillion Dollar Economy by
2030. He further emphasised that Make in India needs to be strengthened decisively, along with
upgradation of skills
through the Skilling India initiatives.
Towards the end he said that India has to have
a three pronged approach
- Zero Import
- Zero Affect
- Zero defect
In his keynote address, Mr. M. Damodaran said “It is no rocket science
as far as Corporate Governance is concerned. He said Banks should adopt a
'tripod' model wherein the Banks management should be empowered to take
decisions, incentivise performers and are made accountable for their
actions"
Earlier welcoming
the Cheif guests, speakers and participants, Mr. Ashish vaid, President Elect
IMC spoke of the importance of the conference as it was the 50th year of Banks
nationalisation and the vision with which banks in their contribution to
national economy by taking it to a Ten Trillion economy by 2030.
Mr. Raj Nair,
President IMC at the concluding session spoke of the various regulation and
development which would help offer digital services at an affordable cost to
vast populace. Mr Anand Sinha former DY Governor RBI, delivered the Valedictory
address.
More information
can be found at:
About The IMC Chamber of Commerce and
Industry
Set up in 1907, the 110- year old IMC is an apex Chamber of trade,
commerce & industry with headquarters in Mumbai. It has about 2800 direct
members, comprising a cross section of the business community, including public
and private limited companies and over 225 trade and industry associations.
With some new associations, IMC now reaches out to almost a million businesses,
MSMEs and large ones. IMC is the first Chamber in India to get ISO 9002- 2000
certification which has since been upgraded to ISO 9001: 2008. It has a vibrant
Ladies' Wing of around 2000 members, a Young Leaders' Forum, an Economic
Research
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