Great Lakes organized a conference on “Financial Inclusion” with Union Bank

Chennai, August 12th 2011: Great Lakes Institute of Management, for the 2nd time with Union Bank organized a conference on “Financial Inclusion”. The conference brought insight on the various issues around financial inclusion particularly focusing on Microfinance, which is also explored as the theme “Microfinance: A Panacea for financial Inclusion? If so, how to get there?” for the panel discussion.

Dr. Y.V. Reddy Former Governor, Reserve Bank of India was the key note speaker. He was eminent in formulating financial policies such as tough lending standards on the Indian banks that eventually helped in saving the entire Indian banking system from the sub-prime and liquidity crisis of 2008. As quoted by Joseph Stiglitz “If America had a central bank chief as Dr. Y.V. Reddy the U.S. economy would not be in such a mess.” Truly honors his effort in equipping India with a strong weapon to fight against economic crisis.

Great Lakes also honored Mr. S.C. Kalia (Executive Director, Union Bank of India) who focused on inclusive growth through formal and informal means; biometric, mobile banking and smart card technology. He concluded by focusing on the role of inclusive growth and tailored approach in case of specific areas.

Dr Bala V Balachandran, Founder-Dean Great Lakes Institute of Management along with Dr. S.K. Shanti (chair, Union Bank Center for Banking Excellence) honored the key speakers and the panelists with their insights and personal experiences extending a warm welcome at their institution, opening the august ceremony of this event and inviting Dr. Y.V. Reddy to commence the ceremony.

After a packed session of knowledge and deeper insights into Micro financing with financial inclusion at large, the conference was concluded by the Executive Director of Great Lakes Institute of Management Prof. Sriram. He thanked the key speakers of the conference Dr. Y.V. Reddy and Mr. S.C. Kalia for their incomparable insights and experiences. Their humility to share their apprehensions and success on the same platform leveraged the whole experience.