Finance Minister to Review Quarterly Performance of Public Sector Banks and Financial Institutions

The Union Finance Minister, Shri Arun Jaitley will hold a Quarterly Performance Review Meeting with the Chief Executive Officers (CEOs) of Public Sector Banks (PSBs) and Financial Institutions(FIs) today i.e. 11th March, 2015 for the quarter ending December, 2014. During the meeting, the Finance Minister Shri Jaitley will review the Public Sector Banks' performance with regard to overall credit growth with specific reference to agriculture credit, MSE credit, housing loans, education loans and lending to minority communities among others. Besides it, the Finance Minister will also review the Bank's performance 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. During the review meeting, the Finance Minister will also review the follow-up action taken on the recommendations made/decisions taken during the two day Gyan Sangam(Bankers' Retreat) held in Pune in early January this year as well as progress made with regard to financial inclusion and Pradhan Mantri Jan Dhan Yojana (PMJDY) in particular. Issues relating to financing of Women Self Help Groups, Banking Sector Reforms and Atal Pension Yojana are also likely to come-up for discussion during the one day performance review meeting.

The Finance Minister Shri Jaitley will also review the performance of PSBs and Financial Institutions (FIs) with regard to the new projects and proposals, stalled projects and possible remedial measures among others. Along with the CEOs of PSBs and FIs, the meeting will also be attended by Shri Jayant Sinha, Minister of State for Finance and Dr. Hasmukh Adhia, Secretary, Department of Financial Services and senior officers of the Ministry of Finance among others.

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