New Delhi: It was only recently when the ministry of finance had asked public sector banks (PSBs) to increase the involvement of the officers starting from branch level to seek ideas and suggestions in order to achieve the target of $5 Trillion economy by 2024-25. Acting swiftly on the ministry’s order, Punjab National Bank began the drive on Friday with a 2-day long conclave. The branch level conclave meant for 70 branch heads of the central Delhi circle, took place at PNB’s Delhi circle’s zonal training centre, Rajendra Place, New Delhi. The idea behind the conclave was to further stimulate the ideas aimed at alignment of the banking sector to help Indian economy reach $5 Trillion scale in next 5 years.
The ideas and suggestions received during the concave from the branch heads will be recommended to a higher level to prepare a road map for optimum growth of the economy.
PSBs pave the way for $5 Trillion economy
Along with 70 branch heads of the central Delhi circle, the conclave was attended by Sunil Mehta, MD & CEO, Ram Kumar, Zonal manager and Bibhu Mahapatra, corcle head.
“Come out with ideas, howsoever small they may seem and deliberate on the same with an open mind”- Sunil Mehta, MD & CEO, PNB
In his address, Ram Kumar encouraged the participants to give feasible, practical and profitable for the society and economy at large. Sunil Mehta asked the assembled house to come out with ideas, howsoever small they may seem and deliberate on the same with an open mind.
The participants deliberated on the 20 topics outlined by the ministry and gave numerous ideas to align the banking sector with national priorities.
Participation of all branches
The branch level conclave was over on Saturday. This drive will be carried out in different circles involving branch level officers from across the country. The suggestions emanating from this month-long campaign will also be used as inputs to prepare a road map for the future growth of the banking sector, apart from seeking ideas for the mega target of $5 trillion economy.