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Business News

Jun 16, 2022
, 
7:36PM

Economic conditions in our country are better than any other country in the world : CEO Bombay stock exchange

@IMC_India
The Indian Merchant Chamber of Commerce ( IMC) today has  organised the Banking Conference on Banking and Finance sector in India: How it is poised to deliver sustainable growth in a post pandemic world.
 
In a prominent session, Banking and Finance Committee Chairman Arjit Basu stated that India is looking to grow in a sustainable way, there is necessary recovery and for which banks need to support businesses and they also need to have adequate risk-mitigation measures in place.
 
Bombay Stock Exchange Managing Director and Chief Executive Officer Ashish Kumar Chauhan highlighted that India’s banking sector has sufficiently capitalised and well-regulated. He said, the financial and economic conditions in our country are better than any other country in the world.
       
Mr Chauhan further said that Indian banking industry has recently witnessed the roll out of innovative banking models like payments and small finance banks. He said, new measures introduced by RBI, UPI, digital payments system will go a long way in helping the restructuring of the domestic banking industry. India will be the key player of western alliance. 

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