Mumbai: Country's largest lender State Bank of India is organising a national level banking conclave for the first time by bringing together Reserve Bank of India and stakeholders to a common platform in order to discuss state of the economy and the banking sector. 'The Banking and Economics Conclave 2014' will be inaugurated by Reserve Bank Governor Raghuram Rajan in the country's financial capital here on Tuesday.
The conclave will be on the lines of 'Bancon', an event organised by Indian Bank's Association (IBA) each year. It is the first time that any bank has organised an event of this magnitude. "The country is looking forward with great expectations to a period of transformation, a period of growth that will be the answer to the aspirations of our nation. We at SBI feel this is the right time to bring together various stake holders, thinkers as well as doers to deliberate on the direction of growth so that the potential of the nation can be realised," SBI Chairman Arundhati Bhattacharya said.
Rajan will deliver the keynote address on FSLRC report at this day-long event while chairmen of various public and private sector banks and corporate sector CEOs will participate. "This is an attempt to bring together the regulator and all thought leaders from the industry to discuss issues and challenges facing the economy as a whole, and the banking and financial sector in particular," SBI chief economic adviser Soumya Kanti Ghosh said.
The conclave will have four sessions apart from the keynote address, each focusing on a particular segment. The first session will have a CEO panel discussing manufacturing policy. Media, treasury and economist panels will issue a road map for the Narendra Modi government's economic policy, Ghosh said. Leaders of the likes of Tata, Reliance, Jindal, Adani, among others, will speak at the event, he said. Steel and power sectors that have been badly hit in the past few years will also be on the list of topics to be discussed at the conclave, he added.
