-
ALSO READ
Banking sector medium of good governance, better service delivery: PM Modi
FIH Men's Hockey World Cup 2023: Obstacles India will face on its home turf
One year since Tatas took over Air India, here's how the journey has been
UPI transactions see 650% rise at semi-urban, rural stores: Report
What's behind the optimism in India's banking sector?
-
India's economic and banking system are strong even amid the turmoil currently rocking global markets, Prime Minister Narendra Modi said on Saturday.
"Amidst a global crisis, today India's economic system is strong, the banking system is strong. This is the power of our institutions," Modi said at an India Today gathering.
Bank stocks worldwide have been badly hit in recent days by the collapse of two mid-size U.S. banks. While authorities have rescued lenders on the edge, the turmoil has spurred worries about what may be lurking in the wider global financial system.
(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.)
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.
Download the Business Standard App for latest Business News and Market News .
First Published: Sat, March 18 2023. 22:44 IST
RECOMMENDED FOR YOU