CANARA BANK CHAIRMAN T.N MANOHARAN APPRECIATED CANPAL

                 

Dear CANPALS,

Although this pandemic situation appears unique with immeasurable

uncertainty, we all must, being part of essential services, contribute in

every possible way to overcome this crisis. It is heartening that so many

of us are contributing and reaching out to the deserving beneficiaries at

this critical juncture. We can take pride that we could contribute Rs.15.02

crores to the PM CARES Fund.

Besides the enormous efforts being taken by the Governments, many

Corporates and NGOs have plunged in with their dedicated resources to

fight this unprecedented crisis. Many have converted their business

premises (Hotels and resorts) into health centres and have commenced

R&D as well as manufacture of ventilators, respirators, masks, sanitizers

and allied equipments on a war footing.

India is not only poised to wriggle out of this virus threat on its own but it

is also capable of supporting other nations to come out of this situation.

Pharma supplies have already begun to rescue few countries out of this

calamity. We, as a Nation, are in the right direction.

It is true that COVID-19 has changed the economic scenario topsy turvy.

Our GDP growth rate may even fall below 2.5%.

Nevertheless, at the end of this grim situation, we would find that India's

health care Industry had grown by leaps and bounds.

On the agricultural front warehousing, cold storage and food processing

Industry is expected to grow manifold. On the financial services Sector perspective lot of dedicated service is being rendered by all of us not only

to sustain growth but to revive the economy.

On human life front, with ongoing introspection, human values would

have got reinforced, as never before, in order to preserve the environment

& species eco-system so as to live and let live leading to purification of air

and the Ozone layer thereby enhancing the quality of life.

This experience may even prompt, i wish and hope, the world leaders to

think of declaring a *"Global Lock Down"* annually for a few days so as to

make this world a better place to live.

Finally, even on personal front, we must make use of this situation to

prepare for & work with a strong commitment in order to achieve at least

one milestone/dream in our life by the time the lockdown is finally lifted.

As far as India is concerned, with some incubation period post virus

elimination, we should be able to gear up to regain the lost momentum in

a calibrated manner.

Let us all, in our respective roles, facilitate this endeavour. This pause

button on the Economy, i strongly believe, is temporary.

This too will pass.

*Tough times don't last but tough people do.* India's resilience to sail

through the turbulent times is robust & phenomenal. India is bound to

emerge as a strong nation & a super economic power by 2030. No force on this earth can stop transforming this aspiration into an

accomplishment.

Let us walk through this FY 2020-21, with absolute positivity and

unshakable faith, that this year would be a fulfilling and accomplishing

year in the journey of our life.

I get a sense that during the month of May' 2020, we will see things

returning to normalcy in a gradual manner.

Let us pray for the well being of the universe and humanity.

Warm regards,

Manoharan.T.N 💐💐