Watch the full video (above) of the panel discussion on ‘Are India’s Financial Institutions in Crisis? Understanding India’s Economic Slowdown’ featuring B Sriram (Former Managing Director, State Bank of India and IDBI Bank); Upendra Kumar Sinha [Former Chairperson, Securities and Exchange Board of India (SEBI)]; Naina Lal Kidwai, Former Chairperson, HSBC India and Senior Adviser, Advent Private Equity) and moderated by KP Krishnan (Former Secretary, Ministry of Skill Development and Entrepreneurship, Government of India).
The crisis in India's financial institutions is at the forefront of ongoing diagnosis of India's economic slowdown. As our government and banking ecosystems have begun to acknowledge some of their deep problems, there has been a scramble for quick diagnosis and remedies. But many of the problems in our financial system defy quick fixes; they will require a reorientation and rethinking of how the government has managed the economy over the last twenty years. Before diagnosis and remedies, we must ask the basic question: what is the state-run financial system good at? And where has it fallen short?
This panel brought together practitioners from government, the private sector, and regulation who have been at the forefront of managing and observing various financial institutions (public sector banks, private banks, regulators, cooperatives, auditors, mutual funds, equity markets etc.). In conversation, they discussed their perceptions regarding what works, what does not work, and what must change in India's financial institutions going forward.
The panel was organised as part of the second edition of CPR Dialogues, held on 2nd and 3rd March 2020 at the India Habitat Centre. Addressing the theme of Policy Perspectives for 21st-century India, CPR Dialogues 2020 provided a window to the India of the future. Experts from around the country and the world engaged with and debated these very significant development and policy challenges that India faces in the coming decade.
ThePrint India was the digital partner for the event.
Media coverage of the session can be found below:
Videos of other panel discussions organised as part of CPR Dialogues 2020 can be found below:
- CPR Dialogues 2020- Inaugural Address by Hon'ble Subrahmanyam Jaishankar
- CPR Dialogues 2020- At the Threshold of a New Decade: Navigating the Emerging Geopolitical Landscape
- CPR Dialogues 2020- Rights in Times of AI: Emerging Technologies and the Public Law Framework
- CPR Dialogues 2020- What Would Happen if We Were to Believe in Indian Agriculture?
- CPR Dialogues 2020- Creating an Inclusive Economy in a Digital World
- CPR Dialogues 2020- What Would it Take to Build a 21st-century State for India? Launch of CPR’s State Capacity Initiative
- CPR Dialogues 2020- Technology and Administrative Reform: Experience from India and the World
- CPR Dialogues 2020- Tracking Government Spending: Challenges in Social Policy Financing
- CPR Dialogues 2020- The Air Pollution Crisis: Making Political Salience Count
- CPR Dialogues 2020- Article 21 and India's Social and Economic Rights
- CPR Dialogues 2020- Challenges in Public Education: Balancing State and Non-State Actors
- CPR Dialogues 2020- Emerging Trends in Indian Politics
- CPR Dialogues 2020- The Role of Ideas in Shaping Policy
- CPR Dialogues 2020- Indo-US Relations
- CPR Dialogues 2020- Land and the Constitution: Solving Land Conflict in India
- CPR Dialogues 2020- Political Elites and Local Bureaucratic Capacit