23-February-2026
Banking
 
Sitharaman asks banks to return to core banking, warns against mis-selling
23-Feb-2026

Finance Minister Nirmala Sitharaman has once again called on banks to refocus on core banking activities, cautioning against excessive diversification, aggressive lending practices, and the mis-selling of financial products. Speaking at a press interaction in New Delhi on Monday, Sitharaman said banks must prioritise deposit mobilisation, customer engagement and prudent lending , the fundamentals of what she described as “core banking.”

News Source:- https://www.newindianexpress.com/business/2026/Feb/23/sitharaman-asks-banks-to-return-to-core-banking-warns-against-mis-selling
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org