The meeting was also attended by Additional Secretary, Department of Financial Services, Debasish Panda. The consultations for generation of ideas was conducted in a bottoms-up process, which will be further discussed at the state level and final meetings will be held at the national level to compare intra and inter-bank performances for way ahead implementation across banks, BoB said.

Meanwhile, Punjab National Bank (PNB) too conducted this exercise across the country to seek ways and means available to increase credit to various sectors of 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 of farmers, small industrialists, entrepreneurs, youth, students and women. PNB managing director Sunil Mehta emphasised the need to encourage aspirational bankers to use innovative methods, and out of the box thinking for better and improved banking.

According to Corporation Bank, the consultative process has resulted in a renewed sense of involvement at the grass-root level with the national priorities. The bank is geared towards implementing the suggestions and ideas which have emerged out of this entire process of consultations, so that it may fulfil its mandate of prosperity for all, it said. Delhi-based lender Punjab & Sind Bank said that deliberations were with the focus to align itself with national priorities and partnering with Indian growth story.