Prime Minister Narendra Modi on November 18 said banks need to adopt a partnership model and proactively reach out to customers.
Modi was addressing a conference on "Creating Synergies for Seamless Credit Flow and Economic Growth" in New Delhi.
Don’t wait for customers to come to your branch, analyse the requirement of MSMEs/customers and create customized solutions for them, Modi said.
Modi explained that through the partnership model, banks can help enterprises and entrepreneurs grow their businesses. Today the time requires, banks' should also strengthen the country’s balance sheet and be more proactive towards it.
He cited an example of two defense corridors being set-up in Bundelkhand in Uttar Pradesh and Tamil Nadu, banks need to think how they can go out and reach to enterprises in these two areas, he said.
Source: Moneycontrol
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