Team Herald
PANJIM: Under the guidance of the Union Ministry of Finance the first stage of the bottom-up consultation process designed to generate ideas and solutions for better performance of banks is being conducted on August 17-18 at the regional level by the Canara Bank in its Goa’s regional office. All the 53 branch heads of Canara Banks in Goa are participating in this exercise which is basically churning of minds to find out solutions to various ailments which could affect the business of the banks.
Nine thematic parameters have been selected by the Canara Bank which includes fields like increase in digital payments, corporate governance, credit to MSMEs, use of technology etc. Theses parameters are suggested to bring about reforms in all the public sector banks in India and help them set up future roadmap. This meet focuses on the ways and means to increase credit to various sectors in the economy, enhance the use of technology to bring in innovation and enable data analytics so that banking becomes more citizen and customer centric.
Speaking to Herald the Deputy General Manager of Canara Bank’s Circle Office in Mangalore, VV Jayakumar said, “It is an exercise to accumulate suggestions from the bottom level branches of all the banks and self-evaluate the performance of the banks in the last five years and nine themes are given to us to deliberate upon, find problems and suggests solutions to become a partner in the growth of our Indian economy. These suggestions will be discussed at state-level bankers committee (SLBC) and from there it will go to national level and then finally to the ministry of finance.”
Assistant General Manager of the Regional office in Goa, Pradeepa R Bhakta informed Herald that, “All the 53 branches of Canara Bank coming under Goa regions are sitting here to discuss the problems and are coming out with ideas, suggestions and solutions to align the functioning of the banks to national priorities. This includes, MSME, agriculture credit, corporate government, five trillion dollar economy etc. There is also a scope in this exercise on how to align with the local priorities.”
