Finance Minister to Review Performance of Public and Regional Rural Banks

Union Finance Minister Nirmala Sitharaman will hold a review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks and Regional Rural Banks. The meeting will evaluate crucial financial metrics and government schemes to ensure alignment with economic goals.

Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday, focusing on the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). The objective is to assess key financial metrics and the effectiveness of various government schemes.

The morning session, scheduled from 11:00 AM to 1:00 PM, will be dedicated to evaluating Public Sector Banks. The session will review deposit growth, the credit-to-deposit ratio, and asset quality to gauge the health of these banks.

Additionally, the meeting will address the status of accounts acquired by the National Asset Reconstruction Company Limited (NARCL) and discuss future strategies. The performance of PSBs under government initiatives such as PM Awas Yojana, PM Surya Ghar, and PM Vishwakarma will also be evaluated, along with updates on digital payments and cyber security.

In the afternoon session from 3:00 PM to 5:00 PM, the focus will shift to Regional Rural Banks. Key financial parameters, Ground Level Credit for agriculture, and technology upgrades will be discussed. The session will also cover Micro, Small, and Medium Enterprises (MSMEs) initiatives, performance under government schemes, and pending issues.

This comprehensive review is expected to provide valuable insights into the functioning of PSBs and RRBs, helping the government to enhance its contributions to the economy and ensure financial stability nationwide.

(With inputs from agencies.)