Government asks PSBs to step up lending after RBI's rate cut |...

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Government asks PSBs to step up lending after RBI's rate cut

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The government is urging banks to increase lending, focusing on deposit mobilization and credit growth, particularly for small businesses and the renewable energy sector. Finance Minister Nirmala Sitharaman emphasized improving customer experience, expanding branch presence in urban centers, and addressing manpower needs. Banks are also instructed to scale up financial inclusion efforts and expand in GIFT City.

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