Finance Minister Nirmala Sitharaman reviews performance of Public Sector Banks

July 6, 2023 8:33 PM

Finance Minister Nirmala Sitharaman reviews performance of Public Sector Banks

Finance and Corporate Affairs Minister Nirmala Sitharaman chaired a meeting today to review the performance of Public Sector Banks (PSBs).   During the review meeting, discussions were held with the heads of Public Sector Banks on the positive macro trends, improved business sentiments, and twin balance sheet advantage. Finance Minister Sitharaman emphasized on banks’ adherence to the regulatory framework by focusing on risk management, and diversification of the business base. She said the...

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 48,239 crore in 12 public sector banks

February 20, 2019 6:04 PM

Govt to infuse Rs 48,239 crore in 12 public sector banks

The government has approved recapitalisation of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.  In a tweet, Financial Services Secretary Rajiv Kumar said the recapitalization will help these banks perform better.  He said, the government will infuse over nine thousand crore rupees in Corporation Bank and six thousand 896 crore rupees in Allahabad Bank.  They are better-performing banks currently under the P...