Prime Minister Hails Indian Banks' Global Strength Post-Reforms

Prime Minister Narendra Modi praised the global strength of Indian banks following significant reforms by his government. Speaking from the Red Fort, Modi emphasized that a robust banking system boosts the formal economy and supports the middle class, farmers, homebuyers, startups, and MSMEs.

Prime Minister Narendra Modi commended the global strength of Indian banks, attributing their robustness to significant reforms enacted by his administration on Thursday.

In a speech from the ramparts of the historic Red Fort, Modi highlighted that a strong banking system fortifies the formal economy and is essential for supporting various sectors including the middle class, farmers, homebuyers, startups, and MSMEs.

Recalling the former struggles of the banking sector, Modi noted the sector's remarkable growth and stability today, emphasizing the transformative impact of the reforms.