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Expedite NPA resolution, focus on credit growth: Finance ministry to PSBs

Banks have been asked to put up branches in unbanked villages

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Finance ministry officials took stock of PSBs’ NPAs of over Rs 100 crore, an official said.

2 min read Last Updated : Jun 21 2022 | 12:22 AM IST

The government on Monday took stock of credit growth and the performance of public sector banks (PSBs) on parameters including asset quality, financials, and recoveries from bad loans.

State-owned lenders have been asked to expedite the resolution of non-performing assets (NPAs).

Finance ministry officials took stock of PSBs’ NPAs of over Rs 100 crore, an official said.

The meeting was scheduled to be chaired by Union Finance Minister Nirmala Sitharaman, but she could not attend it.

Minister of State for Finance Bhagwat Karad presided over the meeting, which was attended by Financial Services Secretary Sanjay Malhotra and senior officials of the Department of

Topics : public sector banks PSBs Finance Ministry

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