FM to meet heads of PSBs on Monday; may urge them for credit growth

The Finance Minister is said to take stock of credit growth, asset quality, and business growth plan of banks

Finance Minister Nirmala Sitharaman is scheduled to meet the heads of public sector banks (PSBs) on Monday to review the performance of the lenders and the progress made by them on various schemes launched by the government for the revival of the economy.

Banks would be urged to sanction loans for productive sectors to accelerate the revival of the economy facing headwinds including from the Russia-Ukraine war, sources said.

Last week during the Iconic Week celebration of the finance ministry, banks conducted outreach programs across the country where eligible borrowers have sanctioned loans on the spot.

The Finance Minister would take stock of