Sitharaman to meet public sector banks chiefs on March 25


NEW DELHI: Amid the failure of banks within the US and the liquidity disaster being confronted by Credit Suisse, Finance Minister Nirmala Sitharaman is anticipated to fulfill chiefs of public sector banks on March 25.

This may be the primary assembly of the Finance Minister with banks’ chiefs after the presentation of the funds, the place, in accordance with sources, the dialogue is more likely to be on the areas highlighted by the funds.

Sitharaman can also be more likely to evaluate the credit score move to key sectors like agriculture, sources within the know of issues stated.

The assembly can also be going down amid rising considerations over financial tightening globally and is being held simply days after the US Federal Reserve on March 22 hiked rates of interest by 25 foundation factors to tame excessive inflation regardless of the banking disaster.

The assembly can even evaluate the targets achieved by state-owned banks set underneath numerous authorities schemes, just like the emergency credit score line assure scheme, Kisan bank card and Mudra Yojana amongst others.

The finance minister would additionally evaluate non-performing property, credit score progress and asset high quality amongst different points, sources stated.

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