Smooth Banking System: The focus of the government is on making the banking system smooth continuously. The economy will get the benefit of the ease of banking system in the coming days. Giving suggestions on this, the Finance Minister said to make the banking system friendly to the customers.
Smooth Banking System: Continuous work is being done by the government and banks to make the banking system customer friendly. This news is for the customers of every bank. Union Finance Minister Nirmala Sitharaman has given instructions to make the banking system simple according to the needs of the customers. This is so that more and more customers can connect with the bank.
The effect of the appeal
of the Finance Minister is also visible. This is the reason that recently big banks have made changes in the banking system according to the needs of the customers. The Finance Minister also made it clear that there should be no laxity in the rules for giving loans 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 had suggested to give loans without any problem.
The customers of all the banks will
get the benefit of the suggestions given by the Finance Minister to the banks, including SBI, HDFC and ICICI, the customers of big government and private banks of the country will get benefit. The Finance Minister said, the banking system needs to be more and more customer friendly. But it should not be to the extent of taking adverse risks. He told the banks, you have to take care of yourself keeping in mind the facilities of the customers.
On
this statement of the Finance Minister, SBI Chairman Dinesh Kumar Khara said that the concern of the startup is about more equity. He assured to give loan if there is sufficient equity. Later, he also referred to the Government’s Credit Guarantee Fund Trust for Micro and Small Enterprises.
Khara said that the process of digitization is increasing in the bank. With this things are getting easier than before. Revenue Secretary Tarun Bajaj, who has worked in the Department of Financial Services, said banks need to be aware of the need to lend more and support economic growth.
