Explorer

MSME, digitisation discussed at 'PSB Manthan': DFS Secretary

Gurugram (Haryana) [India], November 12 (ANI): Department of Financial Services (DFS) Secretary, Rajiv Kumar, on Sunday said that MSME and digitisation were important factors discussed at 'PSB Manthan'.

Talking to the media after the plenary session of the event at the State Bank Academy, Kumar said: "MSME and digitisation were extremely important factors discussed at the meeting today."

He also said that recapitalization does not come on its own and is preceded and followed by a whole set of reforms.

"The reforms include various things. It includes strengthening the board, as well as HR issues, they also include the kind of business each bank needs to do and the kind of core competencies they have."

"The reforms also include the need for the board to take a position to further give us a clear plan. We want to reach MSME very fast," concluded Kumar.

Earlier, Union Finance Minister Arun Jaitley had hailed recent reforms like digitisation and added that banks need to support MSMEs for a healthier economy.

"There is more funding that is coming into the banking system for it to be in good health. The banking system forms the core of the economy and is virtually indispensable. Banks must try and support the MSMEs primarily, as this is what counts for job creation and is need of finances. Compared to financial institutions everywhere else in the world, we have done well and will continue in that direction. We need to try and realise the growth rate that we are capable of achieving," Jaitley said. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Advertisement
for smartphones
and tablets

Videos

Elvish Yadav's reaction on Munawar Faruqui's arrest, Watch Video | HOT NewsNawazuddin Siddiqui And Aliya Fixes Relationship Disbalance For Kids Upbringing | Khabar Filmy HaiRamayana: Sakshi Tanwar dismisses speculations of being a part of the movie, Watch videoWill there be a date clash between Bigg Boss 18 and Lock Up Season 2? | HOT News

Photogallery

Embed widget