SBI’s Setty calls for national financial grid, digital payment intelligence body to fight fraud and increase credit access

Speaking at the CII Financing Summit, Setty said that while there is progress in inclusion with millions brought into the formal banking system, major gaps remain in credit, insurance, and investments, even as digital adoption surges.The push toward the 2047 vision, he added, cannot wait. “When you talk about the future of 2047, you don’t talk about it in 2045. You talk about it yesterday, and start building the blocks now.”India’s credit-to-GDP ratio, currently around 55%, needs to rise meaningfully to 64 ...