Finance Minister Arun Jaitley has asked banks to play an important role in achieving the higher growth rate in the country.
He said that the banks would be provided sufficient funds to recapitalise them. The Finance Minister was speaking after inaugurating the Sydney Branch of the Union Bank of India in Sydney, Australia..
Finance Minister is on a four day official visit to Australia. As part of the first leg of his Australia visit, he arrived in Sydney on Tuesday.
Jaitley inaugurated branch in presence of High Commissioner of India in Australia Navdeep Suri and Arun Tiwari, Chairman & Managing Director, Union Bank of India among others.