Many districts lack banking presence despite high level of economic activities: FM Nirmala Sitharaman
The Hindu
Addressing banking industry lobby grouping Indian Banks’ Association, Finance Minister Nirmala Sitharaman asked lenders to augment efforts of deepening presence
Union Finance Minister Nirmala Sitharaman on September 26 said many districts in the country lack banking presence despite high level of economic activity taking place in those areas.
Addressing banking industry lobby grouping Indian Banks’ Association (IBA), Ms. Sitharaman asked lenders to augment efforts of deepening presence.
Giving the lenders the option to decide which place requires banking presence through a brick-and-mortar model and where a step-down presence would help, Ms. Sitharaman made it clear that she is not against digitalisation and efforts.
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