Bankers highlight taxation, market figures in FM meet
New Delhi: SBI Chairman Rajnish Kumar on Monday said the bankers have highlighted issues, including taxation, credit growth, certification and steps for increasing financial market efficiency with Finance Minister Nirmala Sitharaman during a pre budget meeting. "We have made suggestions about taxation, certification, improving credit growth, increasing financial market sufficiency. We have suggested measures to attract investors in financial market," Kumar told media after the meeting. The SBI chief is the chairman of the banking industry body - Indian Banks Association (IBA) for 2019-20. IBA represents banks' interests with the government and regulators. In a separate statement, Finance Ministry said the main areas of discussion during the meeting included issues namely, increasing credit off-take from banks, governance changes in PSBs with special focus on PJ Nayak Committee recommendations, creation of a well-functioning bond markets, benefits of partial credit guarantee scheme, alternative investment funds in the real estate sector, measures for alleviating stress among NBFCs among others.
Bankers highlight taxation, market figures in FM meet
New Delhi: SBI Chairman Rajnish Kumar on Monday said the bankers have highlighted issues, including taxation, credit growth, certification and steps for increasing financial market efficiency with Finance Minister Nirmala Sitharaman during a pre budget meeting. "We have made suggestions about taxation, certification, improving credit growth, increasing financial market sufficiency. We have suggested measures to attract investors in financial market," Kumar told media after the meeting. The SBI chief is the chairman of the banking industry body - Indian Banks Association (IBA) for 2019-20. IBA represents banks' interests with the government and regulators. In a separate statement, Finance Ministry said the main areas of discussion during the meeting included issues namely, increasing credit off-take from banks, governance changes in PSBs with special focus on PJ Nayak Committee recommendations, creation of a well-functioning bond markets, benefits of partial credit guarantee scheme, alternative investment funds in the real estate sector, measures for alleviating stress among NBFCs among others.