Banking sector medium of good governance

Emphasizing India’s strides towards financial inclusion and digital economy, Prime Minister Narendra Modi on Sunday said the banking sector has become a vehicle for good governance and better service delivery in the country.

With an aim to promote financial inclusion, Prime Minister Narendra Modi on Sunday dedicated 75 Digital Banking Units (DBUs) to the nation.

Union Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das also attended the launching ceremony via virtual mode.

Speaking on the occasion, PM Modi said the 75 Digital Banking Units will further financial inclusion and significantly improve the banking experience for the citizens.

DBUs are a step towards making the life of the common man simple. He said DBU is a system ensuring maximum services with minimum digital infrastructure.

“Digital Banking Units are significant in the ongoing campaign to simplify the lives of common people. It is a special banking facility that will provide maximum services through minimum digital infrastructure. These services will be free of paperwork and other hassles. These will have facilities as well as strong digital banking security,” he said.