 "Finance Minister Nirmala Sitharaman addresses a press conference, in Chennai, Sunday, Sept 1, 2019. (PTI Photo/R Senthil Kumar)")
Some public sector bank (PSB) executives had expressed reservations on Finance Minister Nirmala Sitharaman’s proposals of holding public camps for distributing loans in 400 districts of the country, in a meeting held on Thursday.
In fact, PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020, two PSB executives said, requesting anonymity. The proposal came as a surprise to the bank executives.
“The FM had made up her mind and was unwilling to listen to some PSB executives who had
