BANK NEWS
SBI Chairman Shri Rajnish Kumar views on the recovery of the economy
New Delhi: The downfall of the economy is showcasing the pulldown situation in banking, finance, and other co-operative sectors which have been seen by all. State Bank of India Chairman Mr. Rajnish Kumar said that the government and corporates must work together for a quick recovery of the economy.
While stepping up and invest in infrastructure will give a boost to the economy. According to Kumar the government and corporates have to open up their wallets to invest, their actions should go hand-in-hand for a quick economic recovery since the vital middle class remains cautious amid ongoing unlocking of the economy.
He further put his point in the Loan moratorium process and suggest to restructure the process rather than extend it. He said there is no need for the moratorium in that case the government can change the process of repayments on loans or restructure it.
He also mentions that the status of banks is stable now far from the month of April now the banking sector is recovering slowly and in a better position.
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station