You are here: Home » Economy & Policy » News » Demonetisation
Business Standard

Despite digital drive, not all Indians fully connected to banks: B K Modi

He also hailed Indian rupee's good performance in the Indian stock market post-demonetisation

Press Trust of India  |  Singapore 

judicial reform, note ban, demonetisation, regulators
"The digitisation in the banking system is very strong" : B K Modi

India's programme has taken a big jump following but the country has a "long way to go" before all its citizens are fully connected to banks, a noted said on Wednesday.

Expressing confidence in India's ongoing reforms and the government's efforts to improve the "ease of doing business", billionaire and founder of Global Citizen Forum (GCF), said, "The in the system is very strong".

Modi, however, said there was "a long way to go as not all Indians are fully connected to banks digitally".

Noting the "remarkedly well" performance of the Indian post-demonetisation, Modi said the Indian had improved recently from a high of 68.5 to the back to 64.50 rate.

"These are some of the of the for replacing 1,000 and 500 notes since November last year," he said while announcing two National Day celebration plans starting on August 9 for and culminating with Indian National Day on August 15.

GCF is joining the Indian Chamber of and (SICCI) in celebrating the and Indian National Days, the first such celebration between the two countries.

The Singapore-headquartered GCF and will host a day-long conference on "New - Emerging Global Leader" where presentations will include Singapore's and India's perspectives on Smart City programme in It will be held on August 10.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 19:57 IST