FM Sitharaman to review deposit growth and CD ratios of public sector banks on August 19
HomeEconomy NewsFM Sitharaman to review deposit growth and CD ratios of public sector banks on August 19
The performance of key government schemes, including the Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Surya Ghar, and Pradhan Mantri Vishwakarma, will also be assessed.
By Sapna Das August 17, 2024, 8:59:49 PM IST (Published)
Finance Minister Nirmala Sitharaman on August 19 will lead a comprehensive review of the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs). The review will focus on key financial metrics, including deposit growth and credit-deposit (CD) ratios, as well as asset quality.
The government is also expected to discuss the issuance of the Viksit Bharat card for digital payments during the meeting. Additionally, there will be an update on the status of accounts being acquired by the National Asset Reconstruction Company Limited (NARCL), commonly known as the ‘bad bank.’
The performance of key government schemes, including the Pradhan Mantri Awas Yojana (PMAY), Pradhan Mantri Surya Ghar, and Pradhan Mantri Vishwakarma, will also be assessed.
Cybersecurity issues related to digital transactions and banking operations are likely to be addressed as part of the review.
