CENTRAL BANK OF INDIA IS ORGANIZING BANCON 2010 ON DECEMBER 3-4, 2010.AT TAJ LANDS END, MUMBAI

Central Bank of India is organizing BANCON 2010 on December 3-4, 2010 at Taj Lands End, Mumbai. The Main theme of the BANCON is “Transform to Out-Perform: Ideate, Innovative and Inspire.

We are placing the here the press release issued by the bank on 2^nd December 2010.

CENTRAL BANK OF INDIA IS ORGANIZING BANCON 2010 ON DECEMBER 3-4, 2010.AT TAJ LANDS END, MUMBAI.

Theme: Transform to Out-Perform: Ideate, Innovative and Inspire

Bankers’ Conference (BANCON 2010) is scheduled on the 3^rd & 4^th of December 2010 at the Taj Lands End, Bandstand, Bandra (W), Mumbai 400 050  on the Theme – ‘TRANSFORM TO OUTPERFORM : IDEATE, INNOVATE & INSPIRE’ and is being hosted by Central Bank of India with the Organizational support of Indian Banks’ Association (IBA). Incidentally, BANCON 2010 also marks the beginning of Centenary Year of Central Bank of India, a landmark event in the history of the Bank, which has successfully carved its presence in the hearts of the people, aptly captured the motto “Central to you since 1911”.  The Bank, having its branch network of 3629 spreading length and breadth of the Country,  has been actively involved in contributing to the growth of economy of our country in all parts of country and to all strata of customers. Over its fruitful existence of  last 99 years, the bank has grown strength to strength by meeting the growing needs of customers and reaching out to them with constantly innovative  products and services at affordable costs.  As at September 2010, the total business of the bank stood at Rs.2,83,561 crore. 

Bankers’ Conference (BANCON) is an annual event where the Practicing Bankers, Economists, Captains of Corporates, Academia from national and International scene shall congregate and discuss, deliberate and debate the current economic and Banking issues confronting the Bankers and Financial Institutions and seek to evolve viable solutions therefore.  Over the years, the BANCON has emerged as a powerful platform and level playing ground for brainstorming and conclude on various issues affecting the banking industry in particular and the financial sector in general.

The Indian Banks’ Association (IBA) which is extending its organizational support to this event represents various constituents of banking and finance industry covering public sector banks, private sector banks, foreign banks, urban co-operative banks, development finance institutions, mutual funds and district central co-operative banks. Over the period, the role of IBA has expanded beyond its traditional role and accordingly, its present role encompasses – to render assistance and to provide common service to members and pool together expertise towards common purposes such as increase efficiency, productivity, improve systems & procedures & banking practices, besides other functions of value to the Bankers and its other members.

The world gropes to a more secured economic future and the Indian banking industry cannot afford to be complacent.  Hence, there is need to constantly transform itself to Ideate, Innovate in tune with the fast changing environment, to inspire excellence and efficient operational and administrative functioning in its business processes, policies and practices. In this backdrop, the above theme for the conference ie., ‘TRANSFORM TO OUTPERFORM : IDEATE, INNOVATE & INSPIRE’ has been appropriately conceived and coined.  M/s McKinsey & Company is part of this event as the Knowledge Partner, a role, which they have executed with distinction in the past.

The structure of the BANCON 2010 has been carefully designed stretching over two days and to cover maximum sessions consisting of Two Plenary sessions by experts from industry, special addresses by regulators and nine break-out sessions (6 on first day and 3 on second day) by eminent panelists from banking industry & corporates. The Conference will be attended by Chairmen & Managing Directors, CEOs, Executive Directors, Top Executives from Banks & Financial Institutions, Academia, Heads of Business Institutions and Corporates.  The Regulators & Senior Government officials will grace the conference and express their views and suggestions.  To ensure that the discussions are focused on the Theme in a wider perspective, certain sub-topics of current interest woven around the Theme of the Conference have been choosen for discussing in the breakout sessions.  As a part of the event, articles/papers were invited on the topics which are relevant to the theme of the conference were called for from the Banking and academic fraternity and a Compendium of articles selected articles is brought out, for the larger benefit of the banks.  

The Conference will be inaugurated by Dr. D Subbarao, Governor, Reserve Bank of India and Key Note address will be given by Shri R Gopalan, Secretary (Financial Services), Ministry of Finance, Government of India. On the second day, the concluding remarks will be made by Shri O P Bhatt, Charman, IBA & Chairman, SBI and special address by Dr. C Rangarajan, Chairman, Economic Advisory Committee to the Prime Minister.  The Valedictory address will be by Shri Pranab Mukherjee, Hon’ble Union Finance Ministry.  On the close of the first day’s programme, a cultural programme has

been arranged for the delegates and invitees.  On the logistic front, the host bank ie., Central Bank of India  has set up reception desk at domestic Air port, besides facilitation of Hotel booking at request and pick up facility from Airport to the Venue.

The Conference seeks to benefit the delegates and the take-aways from the Conference may provide a level playing ground for the banks and financial institutions to evolve strategies to overcome the present and future constraints and squarely meet the challenges of global competition with confidence and conviction.