INDIA'S BANKING SECTOR, which was on the "verge of a collapse" due to higher bad loans a decade ago, has turned around and is now seen as a strong and a sustainable banking system globally, Prime Minister Narendra Modi said at a function to mark the Reserve Bank of India's (RBI) 90th foundation day here on Monday.
"India's banking sector was facing challenges and various problems. Due to higher NPAs (non-performing assets), everyone was casting doubt over the banking sector's stability and its future," he said.
"Things were so bad that public sector banks were not able to support the country's pace of economic growth. We started from that phase, and today, India's banking system is seen as a strong and sustainable system globally," he added.
هذه القصة مأخوذة من طبعة April 02, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة April 02, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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