Prime Minister Narendra Modi has said that the government is committed to empowering the banking sector. With this, the financial system will be strengthened. The Prime Minister also said that reforms in the banking sector will continue.
Effective participation of the public sector in banking and insurance is still needed by the country. This is very important to protect the poor and the underprivileged. The Prime Minister also talked about increasing the flow of credit to new sectors and new entrepreneurs.
He has asked banks to introduce innovative products for start-ups and financial technology, ie fintech companies, in view of the changing market needs. Webinar organized on Friday for implementation of financial sector announcements in the budget Addressing the PM, the Prime Minister said that the government's thinking on the financial sector of the country is very clear.
The government's top priority is to make depositors and investors experience transparency with confidence. The depositor must have confidence in the security of their earnings and investors should thrive in their investment.