RBI post budget meet: India needs fewer and mega banks, says Arun Jaitley

Finance Minister Arun Jaitley addressed the media after the post-budget meeting of the central board of RBI. “Year after year, our experience of the last five years has been that there has been a reasonably high growth as far as revenues are concerned”. He also said that the country needs fewer and mega banks that are strong. RBI Governor Shaktikanta Das also joined Arun Jaitley in the media conference. He said, “The ball lies in the court of the banks to implement and restructure the loans of the eligible MSMEs as per the rules and guidelines given in the MSME package announced on January 01, 2019”.