Mumbai, Sep 25
Finance Minister Nirmala Sitharaman on Thursday said that Indian banks have performed exceptionally well in both macroeconomic and overall economic terms.
“In the macroeconomic and also overall economic performance, the performance of our Indian banks stand out particularly well,” the Finance Minister stated.
The Finance Minister also pointed to the success of the Unified Payments Interface (UPI), noting that its interoperable design has been recognised by the International Monetary Fund (IMF) as a global model.
The event was also attended by M. Nagaraju, Secretary, Department of Financial Services.
The Finance Minister’s remarks come at a time when India’s banking sector continues to strengthen its role in supporting the country’s rapid economic growth while embracing technology and maintaining strong governance standards.