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News India Live, Digital Desk: SBI’s Big Plan: Whether it is about the economy of the country, or saving your home, the name of State Bank of India (SBI) comes at the top. What Union Finance Minister Nirmala Sitharaman said on the 75th Foundation Day of India’s largest government bank, SBI, was not just a speech, but a ‘roadmap’ on the economic future of the country and the role of banks. His talk tells how every Indian money will be connected in nation building and will move forward safely!

Nirmala Sitharaman spoke openly on the strength of the Indian banking sector and the possibilities of its future on this historic occasion. He described big banks like SBI as a ‘backbone of Indian economy’ and said that they are not only working for financial inclusion, but are also playing an important role in using small investors’ money safe and effectively.

What did the Finance Minister say? 5 big signs for your savings and country progress

The mention of ‘Treasury Management’ was particularly important in his words. This simply means how banks handle the money (which they get from you and other depositors) and where they invest it so that they are safe and increased!

1. Your savings will be made new India: The Finance Minister said that SBI and other government banks collect your small savings (such as fixed deposits, savings account). This money is then invested on a large scale infrastructure projects (eg highway, railway, smart city). This means, your money is not only safe in the bank, but it is also directly contributing to the development of the country.

2. Importance of Treasury Management: He said that the treasury management of banks is not just an operational work, but of national importance. It is directly related to liquidity, financial stability and development of the country.

3. Safe and accountable investment: Nirmala Sitharaman emphasized that the treasury teams should focus on investing in a ‘accountable’ and ‘transparent’ ways, not only on earning profits. It maintains the trust of investors (ie we customers).

4. Use of Technology and AI: He indicated that in future treasury management will increase the use of new technologies like Artificial Intelligence (AI) and machine learning. This will make investment decisions more accurate and effective, and the risk will be low.

5. Financial discipline: Financial discipline is important for both government and banks. The Finance Minister advised banks to make prudent use of capital and manage market fluctuations efficiently.

This announcement was not just a celebration of the 75th anniversary, but it was a glimpse of India’s future financial strategy. This simply means that now your savings are being made even more secure, effective and contributing to the development of the country. So keep worrying in your savings bank, because it is also helping to create ‘new India’!

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