Arun Jaitley: Banks must work towards supporting India growth story
The banking sector should take it as an opportunity for not only its own growth but also make deeper impact on India’s growth story, said Jaitley
Finance Minister Arun Jaitley, on Thursday, called for more support from the banking sector towards the growth of the country.
He said, "Banks in India need to give top priority to support the growth possibilities in the country. The sector has, no doubt performed very well in the context of a non-supportive global economic environment, but it needs to show more progress in the coming year."
Speaking at the 69th AGM of Indian Bank Association (IBA) in Mumbai, Jaitley said that the government was making all possible efforts to boost economic growth along with social security in an unprecedented manner through the enactments of various enabling legislation and institutional cum administrative reforms.
Jaitley said that the world now looks at India a country with a hugely positive outlook. The banking sector should take it as an opportunity for not only its own growth but also make deeper impact on India’s growth story.
He said that the deeper participation of banks is necessary to ensure that process of socio economic growth gets a bigger push in both public and private sector.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
09:54 AM IST