FM Sitharaman scheduled to meet Chief Executive Officers of PSBs in New Delhi today

October 14, 2019 10:24 AM

FM Sitharaman scheduled to meet Chief Executive Officers of PSBs in New Delhi today

Union Finance Minister Nirmala Sitharaman is scheduled to meet Chief Executive Officers of the Public Sector Banks(PSBs) in New Delhi today. The meeting is expected to discuss various issues including progress on credit off-take as part of the government's efforts to prop up the economy. It will review the fund flow to stressed Non-Banking Financial Companies and Micro, Small and Medium Enterprises sectors. According to sources, the banks are expected to present report card on partial c...

Govt to infuse Rs 83,000 crore in PSBs in next few months

December 21, 2018 8:52 AM

Govt to infuse Rs 83,000 crore in PSBs in next few months

The government will infuse 83000 crore in Public Sector Banks in next few months in the current fiscal.  Briefing media in New Delhi on Thursday evening, Finance Minister Arun Jaitley said the recapitalisation will enhance the lending capacity of state-owned banks and help them come out of the RBI's Prompt Corrective Action, PCA framework.  He further said recognition of non-performing assets in the public sector banks is complete, and the downslide in bad loans has begun. The governmen...