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JAM trinity catapulted banking to a different level: Nirmala Sitharaman

"JAM trinity is a game changer for a country like India, it was futuristic and touched upon the philosophy of Sab Ka Saath, Sab Ka Vikas, Sab Ka Vishwas. The objective was to reach the last man in the line, the remotest corners and people in untouched areas and away from the mainstream, without discrimination,"

Govt approves Rs 30,600 cr sovereign guarantee to operationise bad bank

Giving details of the latest reform initiative taken by the government to clean up the banking sector, Finance Minister Nirmala Sitharaman said that in the last six financial years, banks have already recovered Rs 5,01,479 crore. Of this, Rs 3.1 lakh crore has been recovered since March 2018.