Confront disintermediation, don’t resist it, government tells financial sector

Economic secretary Anuradha Thakur urged the financial sector to embrace disintermediation, analyze trends, and channelize financial flows smoothly. She highlighted shifts in savings and credit, emphasizing the need for collective thinking to ensure finance reaches MSMEs and low-income households, fostering distributional equity.

Confront disintermediation, don’t resist it, government tells financial sector
Economic secretary Anuradha Thakur urged the financial sector to embrace disintermediation, analyze trends, and channelize financial flows smoothly. She highlighted shifts in savings and credit, emphasizing the need for collective thinking to ensure finance reaches MSMEs and low-income households, fostering distributional equity.