Banks going to be catalysts of revival, says FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said banks are going to be the catalysts for economic revival.

“At this stage, the catalysts for economic revival, the catalysts who have the pulse of every one of their customers, are banks,” the finance minister said.

She was speaking after launching PSB Alliance-Doorstep Banking Services.

The minister further said banks have to introspect on their core business and also focus on welfare.

“You don't forget your core activity, which is lending and making money out of it and that is a legitimate activity. You will do that and also being public sector, do