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FM Nirmala Sitharaman to hold review meeting with PSB chiefs on Saturday

Sitharaman will also discuss with PSBs the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card

BS Reporter 

Nirmala Sitharaman
Nirmala Sitharaman

Minister is set to hold a review meeting with chief executive officers (CEOs) of (PSBs) on Saturday.

The FM is set to follow up on the Union Budget announcement made in July, in which she had said customers or merchants won’t be charged merchant discount rates (MDRs) as the Reserve Bank of India and will absorb the costs. Sitharaman will also discuss with the prospects of launching RuPay credit cards, a move that was recently announced by SBI Card.

Further, overdraft facility to beneficiaries of the Pradhan Mantri Jan Dhan Yojana through RuPay card will be taken up in the meeting which is scheduled to be held over a duration of two hours.

First Published: Fri, December 27 2019. 01:47 IST
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