FM Sitharaman reviews performance of PSBs

Finance Minister Nirmala Sitharaman will review the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) at a meeting in New Delhi today. Ms Sitharaman along with other participants will review deposit growth, the credit-to-deposit ratio, and asset quality, which are vital indicators of the banks’ health.

Finance Minister will also evaluate the performance



of Public Sector Banks under government initiatives such as PM Awas Yojana, PM Surya Ghar, and PM Vishwakarma schemes. This is Ms Sitharaman’s first review meeting of such banks after assuming charge as Finance and Corporate Affairs Minister in the Modi 3.0 government. It will also be the first after presentation of the first full fledged Budget on July 23.