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PM Modi to hold meeting with stakeholders of banks, NBFCs today

Updated: Jul 29, 2020 06:52:41am
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PM Modi to hold meeting with stakeholders of banks, NBFCs today

New Delhi, July 29 (KNN) Prime Minister Narendra Modi will hold a crucial virtual meeting of top executives of banks and Non-Banking Financial Companies (NBFCs) and government officials on Wednesday to discuss and deliberate on vision and roadmap for the future.

''The topics on agenda include credit products & efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector,'' the Prime Minister’s Office said in a statement.

The session comes in view of the banking sector's role in contributing to India's economic growth through financing infrastructure, agriculture, and local manufacturing, including Micro, Small and Medium Enterprises (MSMEs).

According to PMO, Financial inclusion can play a big role in financial empowerment through technology.

Senior officers from the government will also be a part of the interaction that will most likely be held through video conferencing in view of the novel coronavirus pandemic which has badly hit the country.

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