Finance Minister Nirmala Sitharaman on Thursday (November 6, 2025) asked banks to follow system-driven lending practices and learn from the past so that financial discipline is not threatened. “We have many self-sustaining practices that need to be followed,” he said while addressing the 12th SBI Banking and Economics Conclave in Mumbai. He said, financial inclusion, which banks and financial institutions are successfully doing, is one of the important pillars to achieve developed India in 2047.

Ms Sitharaman said that the country needs big and world class banks and discussions are going on with the Reserve Bank of India and other lenders in this regard. “The government is considering it and work has already started. We are discussing with the RBI.

We are discussing with the banks,” he said. He asked lenders to deepen and widen credit flow to the industry, expressing confidence that the demand induced by the GST rate cut will trigger a good investment cycle.

He stressed that infrastructure creation is the main focus of the government and capital expenditure has increased five times in the last decade. (With PTI inputs).