Demonetization, GST major boost for banking sector: SBI Chief Rajnish Kumar

NewsBharati    06-Nov-2017
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Mumbai, Nov 6: Appreciating the path-breaking decision of demonetization, State Bank of India Chief Rajnish Kumar said that Centre's historic move has given a major boost for the banking sector. Speaking to the media Kumar mentioned that reforms like GST and demonetization would fine-tune the financial health of the country.

When asked about the fallouts of 'notebandi' the SBI Chairman asserted that demonetization will pave the way for less cash regime with enhanced digital transactions. Responding to a question of rising NPA Kumar informed that apex bank is working on the mechanism for NPA resolution and assured due action against the defaulters. He also expressed satisfaction over the improved tax base.