Time for banks to support wealth & job creators: PM Narendra Modi

More than Rs 5 trillion recovered by banks from defaulters

While addressing bankers on Thursday, Prime Minister Narendra Modi said it is time for banks to support wealth and job creators, and improve theirs, as well as the country’s balance sheet.

With a strong capital base and declining non-performing assets (NPAs), public sector banks have been strengthened to give the economy a push and play an important role in making India aatmanirbhar.

“I am seeing this as a new starting point for banks. It is time for you to support wealth creators and job creators. There is a need for banks to improve the country’s balance sheet, along with their own balance