Banks crucial in driving India’s path to becoming a developed nation: FM Sitharaman

Speaking at the 90th Foundation Day event of the Bank of Maharashtra, Finance Minister Nirmala Sitharaman emphasised the banking sector's vital role in realising India’s goal of becoming a developed nation by 2047. She noted that banks would be instrumental in boosting infrastructure, supporting MSMEs, and bringing more of the unbanked population into the formal financial system.