FM Nirmala Sitharaman reviews performance of PSBs with their Chief Executives

Mumbai: Union Minister of Finance and Corporate Affairs Nirmala Sitharaman reviewed the performance of the Public Sector Banks (PSBs) with their Chief Executives in Mumbai  yesterday. Her review noted that the Government’s 4R strategy of Recognition, Resolution, Recapitalization and Reform had led to dramatic improvements at PSBs in 2020-21.

While interacting with CEO's of various  banks, the Minister highlighted the need for a sharper focus



on customer service, credit growth to support MSMEs and under served segments. She particularly emphasised the necessity of making co-lending  for enhancing  affordable credit to MSME and retail sectors.

The Finance minister further  directed the  banks to interact with export promotion agencies, bodies of industry and commerce so that the requirements of exporters can be timely addressed.