The Economic Times

Banks must go beyond lending to unlock Bengal's industrial potential: NITI Aayog's Ashok Lahiri

NITI Aayog vice-chairman Ashok Lahiri emphasized the need for banks to facilitate connections between businesses and financial resources. He pointed out the low credit-deposit ratio in Eastern India, which hinders investment and economic growth. Lahiri highlighted the importance of investment in infrastructure, industrial expansion, and the MSME sector. Banks could support smaller enterprises with structured credit facilities to help them grow.