Daijiworld Media Network - Mumbai

Mumbai, Sep 25: Finance minister Nirmala Sitharaman, speaking at the Bank of Maharashtra’s 91st Foundation Day in Pune, commended Indian banks for their remarkable resilience and contribution to the nation’s economic strength, particularly amid global volatility.

Highlighting the sector’s role in sustaining India’s economic momentum, Sitharaman said, “In both macroeconomic indicators and broader economic performance, Indian banks have truly stood out.” She referred to the country's robust 7.8% GDP growth in the April-June quarter as a sign of this enduring strength.

The Finance Minister praised India’s digital banking ecosystem, specifically the Unified Payments Interface (UPI), which she noted has gained international recognition. “The IMF has cited U

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