Budget 2020

Budget 2019 | After cleaning up banks, government now wants to boost credit, improve governance

Finance Minister Nirmala Sitharaman. File  

After cleaning up public sector banks, the government will now push with the long-awaited governance reforms in these entities and also provide capital to increase credit growth to fuel a sluggish economy.

Finance Minister Nirmala Sitharaman has allocated ₹70,000 capital infusion in public sector banks to boost credit growth.

While doing so, she reminded that the exercise to clean up bank balance sheet has boosted recovery and credit growth in showing signs of improvement.

She promised the government will push further governance reforms in public sector banks.

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Printable version | Jan 16, 2021 2:35:28 PM | https://www.thehindu.com/business/budget/budget-2019-after-cleaning-up-banks-government-now-wants-to-boost-credit-improve-governance/article28292732.ece

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