India’s Banking System Sturdy Amid International Disaster

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'India's Banking System Strong Amid Global Crisis': PM Modi

Amidst a world disaster, at the moment India’s financial system is robust, stated PM Modi. (FILE)

New Delhi:

India’s financial and banking system are robust even amid the turmoil at present rocking world markets, Prime Minister Narendra Modi stated on Saturday.

“Amidst a world disaster, at the moment India’s financial system is robust, the banking system is robust. That is the ability of our establishments,” PM Modi stated at an India Right this moment gathering.

Financial institution shares worldwide have been badly hit in current days by the collapse of two mid-size US banks. Whereas authorities have rescued lenders on the sting, the turmoil has spurred worries about what could also be lurking within the wider world monetary system.

(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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