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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)

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Banking/Finance-Industry-Economic Times

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