Finance Minister P Chidambaram will meet heads of public sector banks tomorrow. The agenda includes direct benefit transfer, deteriorating asset quality and credit growth.The high-profile meeting will be held a day before mid-quarter review of monetary policy by RBI. It is widely expected that RBI may reduce policy rates to spur growth. The meeting is also likely to review banks' system and procedure to check money laundering in the light of a recent sting operation allegedly showing some officials of three private banks indulging in such activities.
News On AIR | March 17, 2013 5:13 PM
FM to meet heads of PSU banks tomorrow