PM Modi unveils 75 digital banking units

Updated on Oct 17, 2022 03:00 AM IST

The era of digital banking has replaced the regime of “phone banking” that existed eight years ago, Prime Minister Modi said.

Prime Minister Narendra Modi on Sunday. (PTI)
Prime Minister Narendra Modi on Sunday. (PTI)
ByRajeev Jayaswal, New Delhi

The Indian economy is strong on its robust banking system which transformed from a means of financial transaction to a tool for “good governance”, eradicating corruption through direct delivery of services, Prime Minister Narendra Modi said on Sunday, adding that the era of digital banking has replaced the regime of “phone banking” that existed eight years ago.

“The economy of a country is as progressive as is the strength of its banking system. Today, India’s economy is moving forward with a continuum. This is becoming possible because in these eight years, the country has shifted from the pre-2014 ‘phone banking’ system to digital banking.”

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