- Finance Minister Arun Jaitley has said that:
- The govt is taking steps to professionalize the management in public-sector banks and strengthen their risk management system to increase their credibility.
- Indian banking system has conventionally been robust, and this is the reason the system survived the supreme crisis a few years ago which set back the global banking.
- PM’s Jan Dhan Yojana will be flagged off soon and this will be of great benefit to the financially excluded population.
- The govt is prioritizing re-capitalization of public sector banks.
- Surplus liquidity (govt equity) has to be offloaded and the entire capital earned by banks has to be redirected back to the banking industry for its expansion.
- Read at: http://www.thehindu.com/todays-paper/tp-business/risk-management-system-will-be-in-place-in-banks-says-jaitley/article6340063.ece