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Press Conference on the Mid-Term Credit Policy

A Press Conference was held in the IBA on 3rd November 2003, on Bankers' reactions on the Mid-Term Review of the Credit Policy announced by Shri Y. V. Reddy, Governor, RBI.
From right to left- Shri A. G. Joshi, CMD, Dena Bank, Shri V. Leeladhar, Chairman, IBA & CMD, Union Bank of India, Shri S.C. Basu, CMD. From right to left - Shri Michael Bastian, CMD, Syndicate Bank, Shri A. G. Joshi, CMD, Dena Bank, Shri V. Leeladhar, Chairman, IBA & CMD, Union Bank of India, Shri S.C. Basu, CMD, Bank of Maharashtra and Shri H.N. Sinor, CE, IBA
Visit of the IMF Team
A team of IMF officials led by Ms. Kalpana Kochhar, Division Chief, Asia Pacific Region, held discussion with IBA officials on 5th November, 2003. Other members of the IMF team were Mr. Michael Wattleworth, IMF Senior Resident Representative, New Delhi, Mr.Kanagasabapathy, Advisor to the Executive Director, Ms. David Cowen, Senior Economist, Ms. Catriona Purfield, Asia and Pacific Department, and Mr.S.K.Mohapatra, Economist.

Ms. Kalpana Kochhar, Division Chief, Asia Pacific Region, and her team in a lighter moment with Shri Sinor, CE, IBA
The purpose of the Mission was to discuss recent developments in policy as well as performance of the banks with a view to gain a better insight on Indian banking system. The topics for discussion ranged from general outlook and performance of the Indian banking system, recent measures taken for the reduction in Non-Performing Assets (NPAs) of banks, practical problems faced by DRTs, One-Time Settlements, Corporate Debt Restructuring, SARFAESI Act, etc., and the implications of Lenders' Liability law, if it is passed. Prime Lending Rates and feasibility of a benchmark PLR, reason for high transaction costs, major impediments for the flow of credit to Small and Medium Enterprises (SMEs), reason for the low off-take of non-food credit also figured in the discussion. The Team also dealt with matters pertaining to risk management practices followed by banks while making consumer and retail loans, exposure of banks to State Government loans and guaranteed loans and the effect of government ownership on the performance of the banks

The IMF team at IBA

Visit of Pakistan Bankers' Association
A delegation consisting of Mr. Shaukat Tarin, President of Pakistan Bankers' Association & Group CEO, Union Bank and Mr. Asif.R.Sana, Director, International Corporate Planning & Business Development, Union Bank, visited IBA on 21st November, 2003. They held discussions with the officials of IBA. The topic discussed are general economic scenarios, Indian financial system and global economy. Besides, the role and functions of IBA received focused attention.


Wednesday, December 07, 2016
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