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Mumbai, Jun 26: Sundara Rajan, Indian Bank, emphasised that the banking sector’s big movement forward was in the rural sector.
In his speech, Chidambaram complimented the banking fraternity for carrying out the mega farm loan waiver programme of the UPA government in record time. He extolled the banks in general for the diligence with which they had processed the loan waivers. Banks in general have performed well, he said, adding that the net profit and net advances of banks have increased while non-performing assets have declined over time....
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