Jaitley to review quarterly performance of PSBs, other financial institutions

Finance Minister Arun Jaitley will review the quarterly performance of public sector banks and other financial institutions here tomorrow.

Chief Executive Officers (CEOs) of banks and financial institutions will be attending the review, an official statement of the finance ministry said.

Jaitley is expected to review overall credit growth with specific reference to agriculture credit, MSE credit, housing loans, education loans and lending to minority communities, among others.

He also expected to review the performance of banks with regard to their handling of Non Performing Assets (NPAs), implementation of guidelines relating to consortium lending, Interest Subvention Scheme and PSBs giving lending commitment in areas like green lending among others.

A review of follow-up action taken on the recommendations made/decisions taken during the two day Gyan Sangam(Bankers' Retreat) held in Pune in January this year as well as progress made with regard to financial inclusion and Pradhan Mantri Jan Dhan Yojana (PMJDY) in particular will also be undertaken.

Issues relating to financing of women self help groups, banking sector reforms and the Atal Pension Yojana are also likely to come-up for discussion during the one day performance review meeting.

Jaitley will also review performance with regard to new projects and proposals, stalled projects and possible remedial measures among others.

Jayant Sinha, Minister of State for Finance and Dr. Hasmukh Adhia, Secretary, Department of Financial Services, senior finance ministry officers will also be present.