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FM Nirmala Sitharaman set to review govt banks' financials on Monday

Loan recovery, over Rs 100 crore of bad loans to be assessed

New Delhi: Union Finance Minister Nirmala Sitharaman addresses during 'Iconic Week Celebration' of the Ministry of Finance, in New Delhi, Tuesday, June 7, 2022. (PTI Photo/Vijay Verma)(

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This comes at a time when public sector banks have turned profitable and are looking to tap the markets for raising capital instead of relying on the government to infuse funds.

Nikunj Ohri New Delhi

2 min read Last Updated : Jun 17 2022 | 11:17 PM IST

Union Finance Minister Nirmala Sitharaman will chair a meeting of public sector banks (PSBs) on Monday to review their financial performance, asset quality and recoveries from bad loans.

The meeting will be attended by the State Bank of India (SBI) chairman, and managing directors (MD) and chief executive officers (CEO) of other public sector banks, an official said.

The review would involve assessment of the business performance of state-owned leners, credit growth, asset quality, recovery from bad loans, and review of non-performing assets (NPAs) of over Rs 100 crore, the official said. The centre will also evaluate capital raising plans of public

Topics : Nirmala Sitharaman public sector banks Banking sector Finance minister

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