Last week, addressing public sector bankers at an event in New Delhi, Finance Minister Nirmala Sitharaman asked them to go back to branch banking. Going by media reports, later, at a meeting with the CEOs of these banks, Sitharaman urged them to lend money to the credit-starved micro, small and medium enterprises (MSMEs) even as the bankers insisted that there has been no demand for credit.
According to Sitharaman, instead of viewing this as a lack of credit demand, the bankers should prop up credit to the MSMEs. No one can find fault with the finance minister’s observation on ...
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First Published: Sun, March 01 2020. 20:51 IST
