FM Sitharaman to review PSBs performance Sat amid financial crisis in West

Regularly scheduled meeting could discuss banking troubles in the US and Europe

Finance Minister Nirmala Sitharaman will chair a meeting with heads of all the state-owned banks on Saturday. The FM will review the work of the PSBs, including lending to infrastructure, rural areas, and flow of cash transfers to beneficiaries under various government flagship schemes.

Though the financial crisis in the West is not specifically on the agenda, officials expect the current global situation to also be discussed at the meeting.

“The meeting is a regularly scheduled review of the PSBs’ performance. However, since it comes in the backdrop of events in the United States and Europe, those issues are also