While there was an over emphasis on costs, the participant CEOs mentioned that it was necessary to reduce costs without compromising on value provided.
The session was attended by eminent CEOs. Mr A P Kurian, Chairman, Association of Mutual Funds in India, Mr Vivek Kudva, President, Franklin Templeton Asset Management Co, Mr Bert Paterson, MD, Aviva Life Insurance Co India Pvt Ltd, Mr Milind Barve, MD, HDFC Asset Management Co, Mr N S Kannan, Executive Director, ICICI Prudential Life Insurance Co Ltd, Mr S P Subhedar, Senior Advisor, Prudential Corporation Asia Ltd. among others, deliberated at the forum.
Dr K P Krishnan, Jt Secretary, Ministry of Finance, and Mr A Vishwanathan, Chief PF Commissioner, EPFO, participated in the discussions.