Union Finance Minister Jaswant Singh will address the inaugural session of the CII Banking Summit in Mumbai on April 3.
The three-day Confederation of Indian Industry's Banking Summit will be held from April 3 to April 5.
The summit will also be addressed by Reserve Bank of India Governor Bimal Jalan, RBI Deputy Governor Rakesh Mohan and a host of senior bankers and consultants representing the cream of the industry, both public and private sectors.
The summit will dwell on what has led to the improvement in performance of banks during the financial year 2002-03, the winning strategies followed by the outperformers in an increasingly competitive environment, and similar issues.
Discussions during the summit will focus on issues related to banking strategy and regulatory reform in the financial sector.
The summit is expected to become an annual CII feature to be held at the beginning of every financial year. The exchange of views among senior professionals helps crystallise ideas on emerging trends in the sector, a CII media release said on Wednesday.
This year there are seven sessions to be held over two days on topics ranging from 'Asset quality: ARCs, corporate debt restructuring and the NPA Act' to 'The drivers for value creation in retail banking.'
Other sessions will address topics such as customer acquisition and data mining, managing risk in volatile times and financing for industry and small and medium enterprises.
The summit will also feature two presentations made by leading financial sector consultants.
Leo Puri of McKinsey & Company will make a presentation entitled 'Where do we stand in the global arena?,' while Janmejaya Sinha of Boston Consulting Group will make a presentation on 'Does ownership matter? Unshackling banks for competition.'
This will be followed by a group discussion among nine chairmen and CEOs of banks and Bimal Jalan's speech.
According to CII's background paper, the regulatory progress made in the last year has been encouraging. The landmark Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act has helped improve the outlook for loan recovery among banks.
Moves to tighten provisioning norms in line with global practices are also continuing. However, the CII said, structural reforms have continued to disappoint in some areas. The extent of banking assets in the public sector is very high, creating inefficiencies that will limit the competitiveness of the financial sector in the emerging era, the CII said.
The background paper also addresses some of the regulatory issues that may come up for discussion.
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