Public Sector Banks should work towards restoring their credibility: Arun Jailtley

  • Public Sector Banks should work towards restoring their credibility: Arun Jailtley
07-01-2018 | Pratidin Bureau. |

Considering banks as one of the most important asset for the bright future of the country, Union Finance Minister, Arun Jaitley asked for the conjoint effort of both the government and the management of banks to reinstitute (reinstall) the credibility of banks (dependability on banks). In a programme held on the occasion of platinum jubilee celebration of UCO bank in New Delhi on Saturday, the Finance Minister said, “A strong banking system is important for the country’s economy.”

Jaitley also informed that about Rs. 2 lakh crore will be spent by the government this year for the development of the public sector banks to reach their capital structure. He pointed out that India has been the only country which has dared to undertake structural changes despite slowdown in world economy.

At the end of function Jaitley launched UCO Pay Plus Mobile App which will help in opening existing accounts and UCO secure App for safe and secured financial transactions.

Tags : Public Sector Bank credibility Arun Jailtley UCO bank


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