Rise up to the expectations for economic growth, urges Tanksale

(prHWY.com) February 9, 2013 - Mumbai, India -- Mumbai, 6 February 2013: Indian Merchants' Chamber held its Half Yearly General Meeting here at the IMC Building today. Mr. M. V. Tanksale, Chairman and Managing Director, Central Bank of India was the chief Guest at the occasion. "It is very important that the corporate sector lives up to the expectations for the stable growth of the banking sector in the country," said Mr. Tanksale. "According to the IMF indicators, India is likely to fall from the 'second fastest growing economy' in the world soon," added Mr. Tanksale explaining the present state of the Indian economy. He also explained the present situation of macro indicators, market indicators and bankers expectations from the corporate sector. Rising up to the expectations was the need of the hour, he added.

Mr. Tanksale cleared the doubts of IMC members regarding various new aspects of banking during his interaction at the meeting.

Consul General Mr. Liu Youfa of the Consulate of the Peoples' Republic of China, Consul General Mr. Masood Ebrahimi of the Islamic Republic of Iran, Consul General Ms. Upekkha Samaratunga of Sri Lankan Consulate were the special invitees to the Half Yearly Annual General Meeting.

Earlier, Mr. Niranjan Hiranandani, President, IMC welcomed the dignitaries and explained the events and activities carried out by the Chamber in the last six months and highlighted achievements during the period. "We want to do more and venture into new areas like introduction of the Skill Development Centre in Navi Mumbai," said Mr. Hiranandani. He also remembered and appreciated the good work done by the immediate past President of IMC, Ms. Bhavna Doshi and various IMC Committee Chairmen.

Mr. Shailesh Vaidya, Vice President, IMC proposed the vote of thanks.

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