ENA Sectors 2025-11-07 17:56:18 <p><span style="font-size:14px"><strong>New Delhi, Nov 7 (KNN)</strong> Finance Minister Nirmala Sitharaman on Thursday called on banks to reinforce system-driven lending processes and draw lessons from past episodes of stress in the financial sector to ensure discipline in credit deployment.</span></p> <p><span style="font-size:14px">Speaking at the 12th SBI Banking and Economics Conclave in Mumbai, Sitharaman said, We have many self-reliant practices which need to be followed.</span></p> <p><span style="font-size:14px">She also underlined the role of financial inclusion in achieving the governments vision of Viksit Bharat by 2047, noting that banks and financial institutions had played a key role in expanding access to formal finance.</span></p> <p><span style="font-size:14px">The minister reiterated the governments intention to build large, globally competitive banks, saying consultations with the Reserve Bank of India (RBI) and industry stakeholders were underway. </span></p> <p><span style="font-size:14px">Work has already commenced. We are discussing with the RBI. We are discussing with banks, she said, reported PTI.</span></p> <p><span style="font-size:14px">Sitharaman encouraged lenders to expand credit access for industry and expressed confidence that demand buoyed by recent GST rate reductions would help catalyse a robust investment cycle.</span></p> <p><span style="font-size:14px">Highlighting infrastructure development as a core government priority, she noted that public capital expenditure has risen fivefold over the past decade, supporting long-term economic capacity and growth prospects.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 44004 https://knnindia.co.in/news/newsdetails/sectors/banks-must-strengthen-system-driven-lending-improve-credit-discipline-fm-sitharaman 2025-11-07 17:56:18 knnindia.co.in