Bansal calls for financial cooperation

Delhi and Beijing to co-ordinate through governmental agencies and private banks

Speaking at the second India-China High-Level Financial Development Forum held recently in Beijing, Pawan Kumar Bansal, minister of state for finance, drew attention to certain similar concerns in the financial sector like inflation and rural sector banking faced by both the countries.

Bansal also stressed the fast growing and multifaceted relations between India and China, especially on the economic and commercial fronts, according to an official release.

 

The Forum was attended by the Deputy Governor of the PBoC, Chairman of leading Indian public sector banks, senior officials and professionals from the banking, insurance and securities sectors of the two countries.
 
Both sides also discussed issues of mutual interest in the banking sector including the issue of non-performing assets, banking in the agricultural sector and micro finance.

Common concerns like inflation, management of liquidity and financial education were also discussed. The possibility of short exchange programmes between Indian and Chinese banks also figured in the meeting.