Elections are starting this month to the 543 contested seats in the lower house of parliament for a term of five years
India's economic, banking systems are strong: PM Modi
Bank stocks worldwide have been badly hit in recent days by the collapse of two mid-size US banks
Published : 19 March 2023, 02:29 AM
Updated : 19 March 2023, 02:29 AM
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 US 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.
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