FM meets bankers in Kolkata

The finance minister is also expected to take stock of the non-performing asset (NPA) situation of banks in the region

Finance minister P Chidambaram is scheduled to meet the chiefs of select public sector banks in Kolkata today.

 

"The purpose of the meeting is to review the stalled projects in eastern India and what needs to be done to revive capital investments in this part of the country," a top official of one of the city-based state-run bank told Business Standard.

 

The finance minister is also expected to take stock of the non-performing asset (NPA) situation of banks in this region, said another banker requesting anonymity.

 

Beside the chiefs of three Kolkata-based banks - Allahabad Bank, UCO Bank and United Bank of India - State Bank of India's (SBI) chairman Pratip Chaudhuri is also expected to attend the meeting. A few other public sector bank chiefs, who are in the city, are also likely to participate.

 

The meeting is scheduled days ahead of the Reserve Bank of India's (RBI) monetary policy review on July 30, 2013.