Finance ministry, state-run banks discuss 3-year strategic roadmap

Will review progress made by PSBs on various schemes today

Finance ministry officials on Friday met public sector bank (PSB) executives to discuss their strategic three-year roadmap, collaboration among themselves, and implementation of base-level reforms.

The Centre has initiated its two-day deliberations with state-owned lenders, the first day meeting being PSB Manthan 2022 to discuss implementation of next-generation reforms and explore strategies for long-term profitability.

It will hold a review meeting of banks on Saturday to assess their performance on financial inclusion.

The PSB Manthan, which resumed after 2019, focused on ways to further strengthen public sector banks. It also aims to make the banks self-sufficient to raise capital from the markets, and