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New Delhi, May 21 India and China must enhance co-operation in the financial sector, both through Governmental agencies and private institutions and banks, the Minister of State for Finance, Mr Pawan Kumar Bansal, has said.

Addressing the second India-China High Level Financial Development Forum held recently in Beijing, Mr Bansal highlighted the fast growing and multi-faceted relations between India and China, especially on the economic and commercial fronts.

He also drew attention to the common concerns on inflation and rural banking faced by both the countries.

The Forum was supported by the People’s Bank of China (PBoC), the Indian Banks’ Association (IBA) and the India-China Economic and Cultural Council.

Both sides also discussed issues of mutual interest in the banking sector including the issue of non-performing assets, banking in the agricultural sector and micro finance.

The possibility of short exchange programmes between Indian and Chinese banks also figured in the meeting.

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