How the bfsi sector can contribute to make india a $5 trillion economy?
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150,000 bankers to discuss how to make India $5-trillion economy by 2024
By BS Reporters | Mumbai/Kolkata/New Delhi | Last Updated at August 18 2019 23:23 IST


This is for the first time that such a massive exercise is being conducted in the banking sector. The idea is, at the branch level, how to motivate employees, take their feedback, and how do we align the public sector banking system with the national banking priorities, says Rajnish Kumar, chairman, SBI
More than 150,000 branch managers of public sector banks (PSBs) brainstormed over the weekend on what could be the banking system’s contribution to double the size of the economy to $5 trillion by 2024, with an additional aim of holding an impromptu performance audit of branches.
This is the first level of a three-level exercise, done under the behest of the department of financial services of the Ministry of Finance. The two-day branch-level meet will be followed up by a state-level meeting, convened by a lead