International Day of Banks

International Day of Banks

On  December 19, 2019, the  General Assembly of the United Nations passed resolution 74/245, designating December 4  as International Banking Day. We also recognize the important role of member countries’ banking systems in improving living standards.

In September 2015, the General Assembly adopted a comprehensive, wide-ranging, people-centric, universal, and transformative set of sustainable development goals and goals, with the goal of full implementation of these goals by 2030. I reaffirmed my commitment to make every effort. She recognized that eradicating poverty in all aspects and aspects, including extreme poverty, is the world’s greatest challenge and a prerequisite for sustainable development. The goal is to achieve sustainable development in an integrated way that is balanced in three aspects: economic, social, and environmental by engaging in unfinished businesses based on the achievement of the Millennium Development Goals. 

International Day and Week are opportunities to educate the public on concerns, mobilize political will and resources to tackle global issues and celebrate and strengthen human achievements. The existence of International Day dates back to the creation of the United Nations, which has accepted them as a powerful advocacy tool. It also marks other UN compliance.

Achieving sustainable development, especially poverty eradication, inequality reduction, and climate change efforts requires a long-term perspective of government, private sector, and civil society working together to tackle global challenges. is. But a more uncertain world favors short-term action. As a result, private companies, already facing many short-term incentives, are hesitant to allocate funds to long-term investment projects. During times of financial uncertainty, families often focus on their urgent needs. And policymakers often focus on short-term policy cycles.

First International Banks Day

The UN General Assembly decided to mark December 4th as International Banking Day and was celebrated for the first time in 2020. It was celebrated to recognize the importance of multilateral and international development banks in funding sustainable development. It is also recognized that the banking system of member countries plays an important role in helping to improve living standards.

In September 2015, the General Assembly adopted a comprehensive, wide-ranging, people-centric set of universal sustainable development goals and renewed its commitment to work tirelessly towards full implementation of the goals by 2030. confirmed. They recognized that Shrink Anon for Sustainable Development is the eradication of poverty in all its forms and dimensions, including extreme poverty, the world’s greatest challenge.

Cooperation between China Development Bank and multilateral banks  through cofinancing or lending agreements can enhance targeted financing through the complement of international resources and knowledge of local markets. 

 State and local banks also play a valuable role during the financial crisis, when the private sector becomes highly risk-averse. Therefore, the United Nations is calling on national and regional banks to expand and encourage their contributions in these areas.

Bankers Day in India 2021

The banking industry Creme de la Creme was held on November 26th at ITC Grand Central in Mumbai to honor and reward the best performers. The event began in commemoration of those who died in a terrorist attack in the city last year. The 4,444 bankers had to talk about how responsible they were to win the award on the anniversary of the terrible certificate. “This is the strongest memory of our responsibility to provide banking services to all citizens of the country,” said Shikha Sharma, MD, and CEO of Axis Bank, which was named the best bank of the year. It’s something to make you do. 

As the event progressed, bankers eagerly awaited the final result. Like Rana Kapoor, Managing Director and CEO of YESBank, take the young blood in your organization to the stage and earn honor with them. And, as the saying goes, bankers never miss the opportunity to sell loans or bank accounts, Amitabh Chaturvedi, managing director of Dhanalakshmi Bank, openly to companies that couldn’t get money from the banking tycoon. 

Sponsors related to the event include presenting sponsor Sun Microsystems, associate sponsor Avaya Global Connect, liquor sponsor Whyte and Mackay, and TV partner Bloomberg UTV.

Conclusion: 

The resolution includes the relevance of inclusion in the international financial system at all levels and the importance of financial inclusion as a policy goal of national priorities and legal financial regulation. The resolution also calls on the international community to commemorate International Banking Day to emphasize the role of banks in promoting and achieving sustainable development. A well-functioning National Development Bank can help countries develop financing options for targeted investments in sustainable development. Such banks are in line with their goals in a holistic way and are considered an integrated national financing framework.