Finance Minister Nirmala Sitharaman has directed public sector banks (PSBs) to focus on increasing deposits through special drives and improving customer engagement, especially in rural and semi-urban areas.
She emphasized the importance of enhancing cybersecurity by collaborating with the government and security agencies to protect banking systems. The FM also encouraged banks to use the National Company Law Tribunal (NCLT) and National Asset Reconstruction Company Ltd (NARCL) for better resolution and recovery.