PM Modi Tells Banks To Be Considerate In Giving Loans To Poor

New Delhi(PTI): Concerned over rising incidents of farmer suicide, Prime Minister Narendra Modi on Thursday nudged banks to be considerate in giving and recovering loans from poor saying banks would not shut by helping them.

PM Modi tells banks to be

“As the RBI celebrates 80 years, can we think within ourselves that we will expand our banking sector so much that farmers would not have to commit suicide because of huge debt burden. Can we not dream of this?…

I do not believe that by helping poor a bank will become insolvent,” he said. “Farmers’ plight should shake the conscience of the banking sector,” he said addressing the 80th anniversary celebrations of the RBI in Mumbai where Finance Minister Arun Jaitley, Maharashtra Chief Minister Devendra Fadnavis and RBI Governor Raghuram Rajan were also present. “Our farmers commit suicide. The pain of this should not only be restricted to newspapers and TV screens. When farmer dies, does it shake the heart of banking sector? Because of taking loan from money lender, he has

Posted by on April 2, 2015. Filed under Nation. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.