#NarendraModi tells banks to be considerate in giving loans to poor

Concerned over rising incidents of farmer suicide, Prime Minister Narendra Modi today nudged banks to be considerate in giving and recovering loans from poor saying banks would not shut by helping them.

“As RBI celebrates 80 years, can we think within ourselves that we will expand our banking sector so much that farmers would not have to commit suicide because of huge debt burden. Can we not dream of this?… I do not believe that by helping poor a bank will become insolvent,” he said.