Union Finance Minister Nirmala Sitharaman on Monday (19th August 2024) reviewed the performance of Public Sector Banks at a meeting in New Delhi. It was attended by Secretary, Department of Financial Services Dr. Vivek Joshi, Managing Directors and Chief Executive Officer of Public Sector Banks and other senior officials. During the meeting, Ms Sitharaman reviewed deposit growth, the credit-to-deposit ratio, and asset quality, which are vital indicators of the banks’ health.
The Finance Minister also evaluated the performance of Public Sector Banks under government initiatives such as PM Awas Yojana, PM Surya Ghar and PM Vishwakarma schemes. This is Ms Sitharaman’s first review meeting of banks after assuming charge as Finance Minister in the Modi government’s third term.
Later in the day, Finance Minister will also review the performance of Regional Rural Banks.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
