By keeping in mind of customer need, Union Finance Minister Nirmala Sitharaman said the big thing about the banking System to simplify the lending process of banks as per customers need.
By keeping in mind of customer need, Union Finance Minister Nirmala Sitharaman said the big thing about the banking System to simplify the lending process of banks as per customers need, She clearly said on monday that banks need to focus customer convincing to bring the ease on lending process the borrowers can easily can avail the loan.
During the meeting between assiduity representatives and the finance minister, bandied the author’s affiliated problems and suggested giving loans without any problems to all banks including SBI, HDFC, ICICI.
On this, SBI Chairman Dinesh Kumar Khara said that the concern of the nascency is about more equity. He was assured to give a loan if there is sufficient equity. Subsequently, he also appertained to the Government’s Credit Guarantee Fund Trust for Micro and Small Enterprises. To this, Sitharaman said that the woman asking the question is running a new type of enterprise.
He gave some suggestions for the bank community and also talked about their stage. The Finance Minister said,’Banks need to come more and more client-friendly. But it shouldn’t be to the extent of taking adverse pitfalls.
Khara said that the process of digitization is adding in the bank and the whole process is being digitized. This will make effects easier. He said that the bank will be fully digital in the coming two months. Given the dependable cash inflow, the growth of credit to small business sectors can reach the particular loan figure.
Profit Secretary Tarun Bajaj, said banks need to be apprehensive of the need to advance further and support profitable growth. He said that the books of the companies are in better condition now.