banking system: Big news for SBI, HDFC and ICICI Bank customers, Finance Minister announces
Smooth Banking System: The government's focus is on making the banking system consistently smooth. The economy will benefit from the simplification of the banking system in the coming days. Giving suggestions in this regard, the Finance Minister said that the banking system should be made conducive for the customers.
Banking System: The government and banks are constantly working to make the banking system customer friendly. This news is for the customers of every bank. Union Finance Minister Nirmala Sitharaman has directed to simplify the banking system as per the needs of the customers. This is so that more and more customers can connect with the bank.
The effect of the finance minister's appeal is also visible. This is the reason why the big banks have recently changed the banking system according to the needs of the customers. The finance minister also clarified that there should be no relaxation in the rules for lending to banks. A few days ago, the finance minister in a meeting with industry representatives, the founder of a startup related to the bank business suggested giving a loan without any problems.
To customers of all banks The advice given by the Finance Minister to banks including SBI, HDFC and ICICI will benefit the customers of major government and private banks in the country. The banking system needs to be made more and more consumer friendly, the finance minister said. But it should not be to the extent of taking adverse risks. "You have to take care of your customers," he told the banks.
On the finance minister's statement, SBI chairman Dinesh Kumar Khara said startups were more concerned about equity. Guaranteed loan if there is enough equity. Later, he also mentioned the government's Credit Guarantee Fund Trust for micro and small businesses.
Khara said the process of digitization in the bank is on the rise. With this things are becoming easier than before. Tarun Bajaj, a revenue secretary who has worked in the financial services department, said banks need to be aware of the need to lend more and support economic growth.
29-Sep-2024