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FM meets Citibank CEO, discusses way forward for banking system in India

Fraser complimented the Finance Minister for India's digital payment transformation
12:00 AM Oct 23, 2024 IST | PTI
fm meets citibank ceo  discusses way forward for banking system in india
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New York, Oct 22: Finance Minister Nirmala Sitharaman on Monday met Citibank CEO Jane Fraser here and discussed the banking sector in view of the decadal reforms and the way forward for India.

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"The two discussed the use of #AI in important sectors such as #agriculture and #UrbanDevelopment as well as India's booming #pharmaceutical sector and hub for the world," the finance ministry said in a post on X.

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Fraser complimented the Finance Minister for India's digital payment transformation.

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Fraser lauded the crucial reforms India has taken for infra-creation to build an ecosystem around MSMEs and said that it is important to make MSMEs a part of the supply chains.

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During the meeting, Fraser also said that steps taken by the government of India towards ease of doing business will streamline business processes.

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The finance minister also met global investment and Financial Services BlackRock CEO Laurence Douglas Fink.

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The two discussed opportunities for global investors through NIIF and IFSC GiftCity as well as opportunities for financing of GreenTech and battery storage.

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