Banks review their performance, deliberate on issues before PSBs

Excelsior Correspondent
JAMMU, Aug 18: The first stage of the bottom-up consultative process, designed to generate ideas and review performance of banks and their alignment with national priorities, was conducted at the Regional Level on 17th and 18th of August, 2019 by various banks, involving all branches within the Region’s jurisdiction.
This was the first of its kind consultation where the branches were themselves asked to review their performance, deliberate on the issues before the banking sector, and ideate on future strategy and the way forward.
The programmes focused on the ways and means to increase credit to various sectors of the economy, enhance use of technology to bring about innovation and enable big data analytics, and make banking citizen-centric as well as more responsive to the needs and aspirations of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women.
Nine thematic papers by domain experts on various challenges facing the banking sector, were discussed during the meet with a view to suggest reforms in Public Sector Banks (PSBs), and the future roadmap for them.
As a result of the consultations, a number of implementable and innovative suggestions came up on how PSBs may improve their performance and what the road map for the future should be. These suggestions were collated and have been sent to zonal level for further discussions at SLBC/State level, along with comparative performance assessment of the branches under each region. After the SBLC level, final consultations will be held at the national level to compare both intra and inter-bank performances, and to finalize the suggestions regarding the way ahead for implementation across PSBs.
Besides State Bank of India, such consultative programmes were organized by all the Public Sector Banks, including Oriental Bank of Commerce.
The two- day conference on consultation, organised by Punjab National Bank, Circle office, Jammu, was attended by 69 Branch Heads of the State and was headed by the Circle Head S K Rana.
Canara Bank, Regional Office Jammu also organized similar programme involving all branches within the Region’s jurisdiction. The meeting was headed by D K Sinha, AGM CO Chandigarh and Pradeep K S, AGM, RO Jammu.