Скачать или смотреть Digital literacy, financial awareness remain major challenges in banking: President Droupadi Murmu

President Droupadi Murmu on Tuesday (September 2, 2025) said that despite significant progress in the banking sector, several challenges remain in terms of digital literacy, financial awareness, and internet access among the public.

Speaking at the 120th Foundation Day of City Union Bank in Tamil Nadu, she highlighted the need to empower farmers, boost rural economies, and transform MSMEs into engines of growth.

She noted that payment banks, digital wallets, and banking correspondents have expanded financial services into remote villages, but emphasized that technology, combined with financial and digital literacy, is key to ensuring inclusive growth.

The event was attended by Tamil Nadu Governor R N Ravi, Union Finance Minister Nirmala Sitharaman, TN Minister Geetha Jeevan, City Union Bank Chairman G Mahalingam, and MD & CEO N Kamakodi.

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