Using all channels to bring back fugitive offenders-PM Modi

Prime Minister Narendra Modi has said that the reforms brought in by government in the banking sector and support to the sector in every way in the last six to seven years have led to the country's banking sector in a very strong position today. He said Banks' financial health is in a much better position now. Speaking at a Conference on Creating Synergies for Seamless Credit Flow and Economic Growth in New Delhi on Thursday Modi said, there comes a time in the development journey of any nation when it takes a new resolve for a new leap. 

Modi said his government is using all channels including diplomatic to bring back high-profile economic offenders, leaving them with no option but to return to the country. "In our attempt to bring back fugitive (economic offenders), we relied on policies and law and also used diplomatic channels. The message is very clear -- return to your country. We are continuing these efforts," he said. The Centre has in recent times stepped up efforts to extradite high-profile economic offenders such as Vijay Mallya and Nirav Modi, wanted in connection with bank frauds and money laundering cases.

Over the last few years there have been transformational changes and futuristic schemes. These have led to the creation of a data pool, which must be leveraged by the banking sector for greater public good. pic.twitter.com/Apq13Q5FdU

— Narendra Modi (@narendramodi) November 18, 2021

Asking banks to move ahead with a "big thinking and innovative approach", PM Modi said "we will become laggards if we delay adopting Fintech."  Setting a target for banks, he said by August 15, 2022, every bank branch should have at least 100 clients who conduct the entire business digitally. The Prime Minister said steps taken in the recent years have created a strong capital base for the banks.