Economy
FM Sitharaman Urges Public Sector Banks to Modernize for Youth
The Indian Express1h
THE BRIEF
1
Finance Minister Nirmala Sitharaman has called on public sector banks to overhaul their outreach strategies, noting that the current generation does not find traditional banking 'cool'.
2
The government plans to announce a high-level panel on 'Banking for Viksit Bharat' to align financial services with the expectations of Gen-Z and young professionals.
3
Banks have been directed to launch a nationwide outreach campaign starting October 2 to improve deposit mobilization and support the national investment cycle.