Finance Minister Pranab Mukherjee asked banks to put in place systems and procedures with the view to becoming global players and also promote financial inclusion.
These growth aspirations must drive banks' future plans and actions with financial stability, resilience, vision and social commitments, he said.
Currently, State Bank of India is the only domestic bank to find a place in the Fortune Global 500 list, where it secured 282 position this year.
Pointing that Indian economy was on the recovery path with high GDP growth, Mukherjee said commercial banks and public sector banks in particular had performed quite well in terms of high credit growth, deposit mobilisation and profitability, apart from meeting their socio-economic commitments.
Driven by robust manufacturing, the economy grew by 8.8 per cent in the first quarter of this fiscal, the fastest pace in around three years.
Mukherjee asked all the banks including Bank of India to over-perform, to enable all the areas having a population strength of 2000, access to banking facilities by 2011 against the deadline of March 2012.
In his Budget speech this year, the Finance Minister had spoken of decision to provide appropriate banking facilities to habitations having population in excess of 2,000 by March 2012.
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