 "Sitharaman reviews preparedness of Guj banks in view of cyclone Biparjoy")
With cyclone Biparjoy expected to make a landfall in the coastal regions of Gujarat on Thursday, Finance Minister Nirmala Sitharaman on Wednesday took a virtual review meeting with heads of various banks and insurance companies to review their preparedness to face the impact of the 'very severe' cyclonic storm.
"Smt @nsitharaman today chaired a meeting of Managing Directors and senior officials of various banks and insurance companies via VC to review their preparedness in view of the impending #CycloneBiparjoy," the Finance Ministry tweeted.
Banking secretary Vivek Joshi was also present in the meeting.
"MDs from the banks and insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy," the Finance Ministry said in another tweet.
During the meeting, Sitharaman said that all disaster management protocols should be followed and the staff should be made aware of them.
--IANS
ans/arm
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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