Progressive Lawyers Forum, a Forum of Punjab and Haryana High Court Lawyers has organised a Banking Seminar on “Challenges in the Banking sector and a Road ahead” today at judicial academy in Chandigarh. The seminar was focused to discuss the challenges that banking industry faces in everyday dealings and help economy to grow. The seminar was attended by high profile people ranging from High court judges, General Managers of Banks, Bureaucrats, Top notch officials of Insurance, financial sector, Real Estate and other industries. The opening ceremony stated with lamp lighting by Chief Guest Justice Suryakant, Punjab and Haryana High Court followed by the arrival of guest speakers from different regions who discussed the challenges and the solutions at length much to the expectations of the participants.
The key issues which were discussed at the seminar were: Securitization Act, Indian Banking: Robust, Reliable, Resurgent, Emerging Trends in a Commercial Banking, Role of the Banks in Nation Building, Banking the “new era of growing Economy” Mortgage fraud: An epidemic, Jurisdiction of Hon’ble Courts, Alternate Modes of Speedy Recovery & Disposal of Banking Matters, Legal Challenges in the Banking Sector and a Road Ahead, Recovery of NPA’s- Banks & Borrowers Prospective, Role of Debt Recovery Tribunal’s, Legal Impediments in recovery of Banks dues from Defaulters, Assessing and Avoiding Lender Liability Claims: Don’t Let Borrowers, or Guarantors Turn the Tables.
Justice Surya Kant presiding as the Chief guest and presenting the solutions to overcome the challenges in the Banking Industry said that What banks need is a flexible, customer centric core banking environment that is also equipped with multi-currency and multi-lingual features since the industry is getting increasingly globalised.
Justice Kannan who was the Guest of Honour further enlightened audiences about the Road ahead said that “ To gain an edge over their competitors and address customer demands effectively, banks need to do a balancing act by replacing old systems with new platforms, without giving up on existing core banking modules which might still cater to changing needs. There has been considerable progress in implementation by banks; however, there is much more ground left to cover.
Mr Anupam Gupta, Senior Advocate s the financial markets continue to evolve, financial institutions are working to grow and maintain profits while adjusting to ever-changing regulations and the downturn’s effects on profitability and performance. Successful institutions will need to reassess their operating models and address the effects of regulatory reform, competitive dynamics, evolving markets and increased expectations from stakeholders.
M.R. Umarji, Chief Legal Advisor,Indian Banks Association have led a great impact by discussing the challeneges that bank faces in handing economy and how new avenues are being explored and challenges are met with by implementing new policies.
Advocate Gaurav Goel, President , Progressive Lawyers Forum said that he is so grateful that all the distinguished speakers from various regions have came and discussed at one platform about the subject. He hopes that this seminar would bring new dimesnions in the banking sector and consider the event a success.
Mr. Alok sen Gupta, chief Gen Manager, North, IDBI, Mr. V S KARTIKEY, Zonal Manager, Corporation bank, Mr.Iqbal Singh Bhatia, General Manager, Punjab and Sindh Bank, Mr. Vinay Kumar, General Manager, Punjab National Bank, Mr R Madhusudan, General Manager, Canara Bank, Mr. B. Venkat Ramana, General Manager, UCO Bank, Mr. Gurnam Singh, General Manager, State Bank of Patiala, Mr. Gurnam Singh,General Manager,State Bank of Patiala, Dinkar Gupta, IPS,Addl. Director Gen. of Police,Punjab, Mr. B. Gopalakrishnan, Country Legal Head,Axis Bank were present as the speakers and have played an important role in enlightening the role of banks in raising Indian Economy. Besides, all the Regional Heads of Nationalised Banks have graced the occasion with their presence.
The seminar ended on a productive note with all the speakers and participants feeling content and with a ray of hope that this seminar would bring productive output more than the expectation for which this seminar was aimed at.