India's Finance Minister emphasizes banking sector's role in transforming India into a developed nation by 2047, focusing on infrastructure, MSMEs, and digital security.

India's Finance Minister Nirmala Sitharaman highlighted the banking sector's vital role in transforming India into a developed nation by 2047 during the Bank of Maharashtra's 90th Foundation Day. She emphasized the need for banks to support infrastructure, fund MSMEs, and include unbanked populations. Sitharaman also stressed the importance of robust digital security systems and noted that India accounts for 45% of global real-time digital payments through the Unified Payments Interface (UPI).

September 19, 2024
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