INSUBCONTINENT EXCLUSIVE:
Union Finance Minister Nirmala Sitharaman (File Photo: PTI)2 min read Last Updated : Sep 19 2024 | 8:53 PM IST
The banking sector in
India will have to play a crucial role in driving the agenda for making India a developed country by 2047, Union Finance Minister Nirmala
Sitharaman said on Thursday.
Speaking at an event to mark the 90th foundation day of Bank of Maharashtra in Pune, Sitharaman said the
will have to play a crucial role in driving the agenda set by the Prime Minister and by your role, we are going to give greater momentum to
of formal banking channel and provide insurance cover to all citizens
The institutions dedicated for insurance activity will do that- provide insurance cover which the government schemes, Atal pension yojana,
insurance cover to the poor, the Finance Minister added.
What is changing the Indian banking landscape is technology
It provides a secure and easy digital banking experience to all the customers
Banks have a lot of work to do in this area
The digital tools, platforms and access through digital mode will have to be customer friendly
Above all, these will have to be robust and reliable and adequately firewalled, she said.
The minister added that banks cannot have a
digital system which somewhere gets hacked, and the entire system and the trust which is laid on it gets compromised.First Published: Sep 19
