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India needs 8-10 large banks to support GDP growth, Axis Bank CEO says

India is discussing options to create large public-sector banks, which aligns with the government’s need to fund massive infrastructure and industrial projects in Asia’s third-largest economy. Prime Minister Narendra Modi has set a target to transform India into a developed economy by 2047.

Amitabh Chaudhry, chief executive officer of Axis Bank

Amitabh Chaudhry, chief executive officer of Axis Bank

Credit: Hindustantimes

Key Highlights

  • India is discussing options to create large public-sector banks, which aligns with the government’s need to fund massive infrastructure and industrial projects in Asia’s third-largest economy.
  • Prime Minister Narendra Modi has set a target to transform India into a developed economy by 2047.
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Sources

  1. India needs 8-10 large banks to support GDP growth, Axis Bank CEO says

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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