The 72nd Annual General Meeting of IBA was held on 11th September, 2019 at The Lalit, Sahar Airport, Andheri (E), Mumbai. Honourable Minister of State for Finance and Corporate Affairs, Shri Anurag Thakur delivered the inaugural address.
Welcome Address
Sunil Mehta
I have great pleasure in welcoming all of you to the Valedictory Session of the 72nd Annual General Meeting of Indian Banks’ Association. In its long journey of 72 years, the Association has undergone a lot of changes and adapted itself to the changing needs of the banking industry. It has transformed from a platform to discuss the common operational problems of the banks into an organisation to raise the concerns of the Banking Industry to the appropriate authorities, be it Government of India or Reserve Bank of India or Other regulators of the financial sector and to find logical solutions to the concerns of the banking sector. As a result, today, IBA is considered as the voice of the Indian banking industry. I am happy to see representatives from all segments of the Banking Industry join with us on this annual function of IBA.
We are indeed privileged to have in our midst today Hon’ble Minister of State for Finance and Corporate Affairs, Shri Anurag Thakur, as the chief guest of this function. Ever since he took over as this position, he has been regularly interacting with bankers on several occasions on various issues affecting the banking sector. Despite his tight schedule, he has gladly agreed to be with us to grace this function. He has been taking an interest in understanding the concerns of the banking industry and also is keen to provide some guidance on it. Sir, we are grateful to you for sparing your valuable time for the Annual General Meeting of IBA which is a special occasion not only to the Association but also to the banking industry. IBA has its members from public, private, foreign, cooperative, RRBs, payment and small finance banks.
Inaugural Address
Anurag Thakur
It is indeed a moment of honour and privilege for me to be present here at this 72nd Annual General Meeting of the prestigious Indian Banks’ Association. What started out as a small association of 22 banks in the year 1946, even before we attained our independence, has today become an organisation of repute representing 237 banking companies in the country. Chairman IBA Shri Sunil Mehta ji highlighted some of the key areas in which IBA has played a role in shaping up this dynamic industry over the last seven decades. I am mindful of the role played by the association in key reforms initiated by the government for inclusive growth.
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