Anurag Thakur Inaugurates Federal Bank's Annual Business Meet, Highlights Banking Sector's Role in Government Scheme
Anurag Thakur inaugurated the 2024 Annual Government and Institutional Business Meet of Federal Bank Ltd, emphasizing the crucial role of banking institutions in implementing government welfare schemes over the past decade.
He highlighted the banking sector's contribution, from Jan Dhan Accounts to direct benefit transfers, in ensuring accountability and transparency through technology-driven systems.
Under PM Narendra Modi's leadership, the government's doctrine of 'Reform, Perform, Transform' has led to a significant reduction in banking sector debt and non-performing assets (NPAs), elevating performance to unprecedented levels.
Thakur reaffirmed the government's commitment to propel India into the top three economies globally within five years, aiming for a developed India by 2047, supported by a robust banking system.
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