Banking sector was hurt in the name of aggressive lending a decade back: PM Modi


PM Narendra Modi on Friday said the government has a clear vision for the financial services sector and is taking steps to make it vibrant, proactive and strong and the top priority is to ensure trust and transparency for both the depositor and investor. PM Modi said the sector was hurt 10-12 years back due to aggressive lending and steps been taken under the current regime to take the country out of non-transparent credit culture. “Today instead of brushing NPAs under the carpet, we have made it mandatory to report even NPA of one day,” he added. The Prime Minister was addressing a webinar on Budget 2021 announcements regarding the financial services sector. Watch now. (Text: PTI)





READ SOURCE

READ  Honda Cars launches new Amaze variant at Rs 8.56 lakh

LEAVE A REPLY

Please enter your comment!
Please enter your name here