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PM Modi: India's economic, banking systems are strong

Economy Mar 19, 2023 05:55AM ET
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© Reuters. FILE PHOTO: India’s Prime Minister Narendra Modi arrives to file his nomination papers for the general elections in Varanasi, India April 26, 2019. REUTERS/Adnan Abidi

(This March 18 story has been refiled to fix the spelling of economic in the headline)

NEW DELHI (Reuters) - India's economic and banking system are strong even amid the turmoil currently rocking global markets, Prime Minister Narendra Modi said on Saturday.

"Amidst a global crisis, today India’s economic system is strong, the banking system is strong. This is the power of our institutions," Modi said at an India Today gathering.

Bank stocks worldwide have been badly hit in recent days by the collapse of two mid-size U.S. banks. While authorities have rescued lenders on the edge, the turmoil has spurred worries about what may be lurking in the wider global financial system.

PM Modi: India's economic, banking systems are strong
 

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Comments (11)
Murari Jha
Murari Jha Mar 19, 2023 6:44AM ET
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Whatever PM Modi says, often opposite is true. So be cautious.
Argenis Quintero
Argenis Quintero Mar 19, 2023 6:01AM ET
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Fear is capable of destroying the world, if there are companies that die, why can't a group of banks die? there are too many.
Warm Camp
Warm Camp Mar 19, 2023 6:01AM ET
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Banks are part of the government system in this modern world. The government will not give up the part of itself and get smaller. It wants to get bigger.
Yasir butt
Yasir butt Mar 19, 2023 5:59AM ET
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XYXX
XYXX Mar 18, 2023 1:19PM ET
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Yes, $133.33 Billions written off by this strong banking system and few more billions going to be written off in coming months from exposed Adani Scam and many more names to be revealed..
rajesh kumar singh
rajesh kumar singh Mar 18, 2023 1:19PM ET
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look at ur home first.....three wicket down yet....more dozen banks are lineup..let see who will save them....FED is sleeping like Biden must be thrown out.....
caseey kc
caseey kc Mar 18, 2023 1:19PM ET
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Correcta 3 wic down u still thinking winning the whole cricket game. What a nonsense. Next rate rise will collapse one major bank, just watch and see…. By that time bitcoin gets to usd 100,000.00
Swagata Das
Swagata Das Mar 18, 2023 1:19PM ET
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no Adani scam just u tried earn money through short position not only in India but all over world, blood thirsty leaches of first world
Ten Yr Bear MKT Begins
Ten Yr Bear MKT Begins Mar 18, 2023 12:56PM ET
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Weakest Country in the world, Most Corrupt system with Big discriminated gap between the Rich and Poor.
rajesh kumar singh
rajesh kumar singh Mar 18, 2023 12:56PM ET
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atleast we can't discriminate by Black n white
rajesh kumar singh
rajesh kumar singh Mar 18, 2023 12:56PM ET
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it's Indian era for next 20 years....mind it
Vinod
Vinod Mar 18, 2023 12:56PM ET
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The dogs are barking
Mase Gumbo
Mase Gumbo Mar 18, 2023 12:56PM ET
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lol ye by being indofferent to human suffering and living in massive corruption...first stop throwing dead people to ganges and gang raping little girls
rajesh vairale
rajesh vairale Mar 18, 2023 12:46PM ET
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bhakts r getting orgasm🤣🤣
rajesh kumar singh
rajesh kumar singh Mar 18, 2023 12:46PM ET
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Ahuja Ramesh
Ahuja Ramesh Mar 18, 2023 12:29PM ET
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India, God's own country
Sangram Dahiphale
Sangram Dahiphale Mar 18, 2023 12:17PM ET
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namo namo modi hai toh munkin hai
Jay Garrelts
Jay Garrelts Mar 18, 2023 12:17PM ET
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But they still use the streets and sidewalks as bathrooms so im not impressed
Sunil Shende
Sunil Shende Mar 18, 2023 12:17PM ET
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but we clean our ass...s nicely with water...not keep it dry like you guys with some message with paper...oh it smelling lets put lot of perfume on body
Warm Camp
Warm Camp Mar 18, 2023 12:14PM ET
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At least, one big country has a normal person on top.
 
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