Bankers present in the meeting included the heads of State Bank of India, ICICI Bank Ltd, HDFC Bank Ltd, Bank of India, Bank of Baroda, Citibank and Axis Bank Ltd.
Coming out of the meeting, ICICI Bank managing director Chanda Kochhar told said the meeting was “mainly to seek ideas and suggestions on what can be done about capital flows”.
State Bank of India chairman Pratip Chaudhuri said bankers and FIIs discussed the present market conditions and the steps taken by the government to contain the fiscal and current account deficits.
The meeting was also attended by economic affairs secretary Arvind Mayaram and additional secretary (capital markets) K.P. Krishnan.