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PSB conclave to focus on governance, NPA resolution, credit revival

Job growth, consolidation also on the agenda

Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram
Union Finance Minister Arun Jaitley is expected to address the two-day conclave at the State Bank of India (SBI) Academy in Gurugram

With a Rs 2.11-lakh crore capital infusion plan in hand, top executives of public sector banks (PSBs) will brainstorm with officials and experts at Gurugram over the weekend about governance issues, experience with insolvency cases, recoveries and credit demand revival. A conclave titled Vichar Manthan will see presentations by seven groups, each headed by the managing director or chief executive of a PSB. This is the third such gathering of PSB executives, officials, and experts. Earlier conclaves were held in 2014 and 2016.   PSB executives said capital commitment was ...