Mumbai – Thanks to the prior arrangements made by State Bank of India (SBI), ABA Chairman Mr. Daniel Wu had the opportunity to visit the Reserve Bank of India (RBI) on March 10 and meet with RBI Governor Mr. B. P. Kanungo.

In his Opening Remarks at the meeting, Mr. Wu pointed out that it was a big privilege for himself – as Chairman of the Asian Bankers Association and as President and CEO of the CTBC Financial Holding Co. – and certainly a great honor for the ABA delegation to have been given the opportunity to meet with Mr. Kanungo.

In his introduction on the ABA, Mr. Wu expressed his hopes that by working with its member banks – including State Bank of India – as well as with the regulatory authorities such as the central banks, the ABA aims to provide a platform for the Asian banking community and governments to come together in order to help create a policy environment that is conducive to the growth not only of the banking industry but also of the economy as a whole.

Mr. Wu informed Mr. Kanungo that the ABA will be holding its 34th General Meeting and Conference in November 2017 in Mumbai, with the SBI as host organization, adding that it will be the first time the ABA will hold its annual gathering in India. He extended his invitation to Mr. Kanungo to attend the November Conference.

Mr. Kanungo thanked Mr. Wu for visiting the Reserve Bank of India, and for his introduction on the ABA. He conveyed his strong support of SBI s hosting of the 34th ABA General Meeting and Conference in Mumbai in November, and hoped that a big contingent of foreign bankers will be able to join the event and take advantage of their presence in Mumbai to know more about the Indian economy and banking sector and network with local bankers.

Mr. Kanungo also briefed the visiting ABA delegation about the current economic situation in India, as well as the recent trends and developments in the country s banking and financial sector. He also shared his thoughts on the economic prospects of the country and what may lie ahead for the banking sector.