'Will take decisive steps to stabilise banking system'

FM says the Modi government had turned banks into 'pillars of Jan Kalyan'

- HARSH KUMAR New

Union Finance Minister Nirmala Sitharaman on Friday said the government is dedicated to expanding formal banking access and will continue to take decisive measures to strengthen and stabilise the banking system.

This will ensure that banks support India's growth path to Viksit Bharat by 2047.

"Our government has 'banked the unbanked' and 'funded the unfunded', in line with the ethos of Antyodaya. We remain committed to further driving financial inclusion and empowering the underprivileged," Sitharaman said in a series of posts on 'X.

FM also said the 'Samudra Manthan' of sorts in the banking sector under PM Narendra Modi's leadership yielded positive results along with expected challenges during the 'churn'.