January 7, 2018 7:26 AM

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Banks must work for society as taxpayers making sacrifices: Arun Jaitley

Finance Minister Arun Jaitley has said, everyone including the government and the management of banks must work together to restore the credibility of banks which is the most important asset. <br/><br/>Mr Jailey said this at a function organised on the occasion of platinum jubilee celebration of UCO bank in New Delhi yesterday. He said, a strong banking system is important for the country's economy. <br/><br/>The Minister said, the government has taken a huge step to infuse over 2 lakh crore rupees in Public sector banks for their recapitalisation. He also said, despite slowdown in world economy, India continued to grow at a reasonable base. <br/><br/>Mr Jaitley said, India is the only economy which had the courage to undertake structural changes at a time when the world economy was slowing down.<br/><br/>On the occasion, Mr Jaitley also launched UCO Pay Plus Mobile App for opening of accounts and UCO secure App for safe and secured financial transactions.

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