Public banks’ policies saved India from financial blushes: Chidambaram

December 27th, 2008 - 7:46 pm ICT by IANS  

Manmohan SinghPuducherry, Dec 27 (IANS) Home Minister P. Chidambaram paid rich tributes to India’s public sector banks here Saturday while speaking at a university function.”India was saved from serious blushes from the global economic slowdown due to our (nationalised) banks’ diligent policies and vigilance,” Chidambaram said.

The former finance minister also expressed optimism about India’s unscathed emergence from the effects of the worldwide financial morass.

“I am hopeful that during the next fiscal, India will register an annual growth of 9 percent. Prime Minister Manmohan Singh’s endeavours in this direction will ensure this,” Chidambaram added.

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