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Published: Thursday, November 18, 2021, 17:13 [IST]

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<p>New Delhi, Nov 18: Prime Minister Narendra Modi today said that the country's banking sector has improved rapidly in the last six to seven years.  The banking sector has reached out to the country's poor.  Addressing a conference on seamless credit flow and cooperation for economic growth, Prime Minister Narendra Modi said that the banking sector in India has improved tremendously in the last few years.</p>     <div class="big_center_img" data-cl-cnt="0" data-cnt-t="0" data-gal-src="https://hindi.oneindia.com/img/2021/11/modi3-1636984258.jpg"> <div> <figure><img data-pagespeed-lazy-src="https://hindi.oneindia.com/img/2021/11/xmodi3-1636984258.jpg.pagespeed.ic.06RD-Gh4Ob.jpg" class="image_listical c2" alt="    Central government's reforms have changed banking sector: PM Modi" title=" Central government's reforms have changed banking sector: PM Modi" data-cl-slideshow="" data-cl-title = "Central Government Reforms Change Banking Sector: PM Modi" data-cl-description = "" data-cl-imageid = "649250-0"" src="/img/loading.gif" onload="pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);" onerror="this.onerror=null;pagespeed.lazyLoadImages.loadIfVisibleAndMaybeBeacon(this);"/></figure> </div> </div> 

In his address, the Prime Minister said that the financial position of banks has improved in the last few years. He said that efforts were being made to fix the NPAs of banks. New capital has been invested in banks and the debt recovery system has been strengthened. He said that when a person runs away with bank money, he gets a lot of publicity but when a loan is recovered from him, it does not make any difference.

He said that the government and the banking system have strictly dealt with the bad debts and Rs. 5 lakh crore has been recovered from the banks. Banking infrastructure is being improved and new investments are being made in banks. The country’s banking sector is gaining support and is improving. Now the banking sector of the country is playing an important role in the economy of the country and increasing the strength of the country. Not only this, the banking sector is also playing an important role in India’s self-reliant India scheme. He said that now the banks have to rise above the sentiments of borrowers and borrowers and adopt the model of partnership. He said that today the strength of Indian banks has increased to such an extent that they are giving new impetus and energy to the economy of the country.Whether banks are open or closed on Guru Nanak Jayanti, see full list of bank holidays here

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English content

Central government’s reforms have changed banking sector: PM Modi

First Story Published: Thursday, November 18, 2021, 17:13 [IST]

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