Calling for an end to “lazy banking”, Prime Minister Narendra Modi today said he is against any political interference in functioning of banks but supports necessary “intervention” in the public interest.
Calling upon the banking sector to establish banks which rank among the top banks of the world, Modi said that banks need to be run professionally and assured them that there would be no interference.
“But accountability is essential,” Modi said while addressing top executives of public sector banks and other financial institutions here on the last day of a two-day bankers’ retreat, ‘Gyan Sangam’.
Modi said that the Government had no vested interest, and public sector banks can derive strength from this fact.
Stating that India is a democracy, Modi said he is against political interference, but supports political intervention, in the interest of the people.
He said “political intervention will enable the voice of the common man to reach such institution”.
Modi also called for an end to “lazy banking” and said that banks need to take a proactive role in helping the common man. (AGENCIES)
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