Be ready to meet the credit demand: FM Nirmala Sitharaman to banks

The finance minister said Indian banks have to plan for the Amrit Kaal. And for that, they have to become digitally savvy, especially the public sector ones

Indian banks have to be ready to meet the credit demand in the economy, which is expected to further pick up in the wake of the festive season and immediately after it as people are willing to spend money and businesses are willing to expand capacity and make additional investments, Finance Minister Nirmala Sitharaman said in her address to bank chief executives during the Annual General Meeting of Indian Bank’s Association.

“This year, during the festive season and immediately after the festive season there will be a lot of interest. There is an indication that people are willing to spend