|Early Times Report|
Jammu, Aug 19: The first stage of the bottom-up consultation process designed to generate ideas and review performance of banks and their alignment with national priorities, was conducted at the Regional Level on 17th of Aug. 2019 by Canara Bank, Regional Office "Jammu" involving all branches within the Region's jurisdiction. The meeting was headed by DK Sinha AGM CO Chandiagarh and Pradeep KS AGM RO Jammu. This was a first of its kind consultation where the branches were themselves asked to review their performance, deliberate on the issues before the banking sector and indicate on future strategy and the way forward. The meet focused on the ways and means to increase credit to various sectors of the economy, enhance use of technology to bring about innovation and enable big data analytics, and make banking citizen-centric as well as more responsive to the needs and aspirations of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women. The following nine thematic papers by domain experts on various challenges facing the banking sector, were discussed during the meet with a view to suggest reforms in Public Sector Banks (PSBs) and the future roadmap for them: Increasing digital payments & Use of Technology in PSBs, Corporate Governance in PSBs, Credit for India's MSMEs, Retail Lending - A Great Opportunity, Agriculture, Export Credit in India, Need to Establish Financial Grid, Enabling Bank Credit A $5 Trillion Economy and NPA.