Deepen network in rural India: Nirmala Sitharaman to Banks
Finance minister Nirmala Sitharaman said the IBA should digitalise and map banking presence in each districts and identify gaps, adding that she is not against digitalisation.
India needs 4-5 'SBI size' banks to meet growing needs of economy: FM Nirmala SitharamanMeanwhile, Sitharaman asked all to desist calling the National Asset Reconstruction Company (NARCL) as a 'bad bank' as similar institutions are called in other countries like the US. She also said that the banks' books are much cleaner now and this will help the government as the recapitalisation requirements go down.
https://ift.tt/39CBvmM
Post a Comment