Sitharaman has a task at hand for India’s banking giants

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Sitharaman has a task at hand for India’s banking giants
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Public sector banks have ‘considerable strength’, says FM Sitharaman; asks them to apply it with ‘greater ambition’

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Synopsis

Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and called on them to use it with “greater ambition”. At the PSB Confluence, she asked banks to launch a month-long ‘Banking for Youth’ campaign from October 2 and build awareness among young people concerning formal credit.

While asking banks to focus on youth and awareness of the formal credit ecosystem.

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IANS

Sitharaman said PSBs have “considerable strength” and called on them to use it with “greater ambition”.

While asking state-run lenders to focus on the expectations and aspirations of India’s youth.

Speaking at the PSB Confluence, Sitharaman asked public sector banks to launch a month-long ‘Banking for Youth’ campaign beginning October 2.

“Public sector banks are operating with considerable strength, the task now is to use it with greater ambition,” Sitharaman said.

, public sector banks are operating with considerable strength, and the task now is to use that strength with greater ambition, Union Finance Minister Nirmala Sitharaman stated on Tuesday.

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