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The finance ministry would conduct its quarterly review of performance of Public Sector Banks (PSBs) on the 5th of next month, the ministry informed via a press release.
Amongst the issues that are under review is credit off take in the economy, achievement under Priority Sector Lending and progress made under Pradhan Mantri Jan Dhan Yojana (PMJDY).
The review meeting would be attended by the Chief Executive Officers (CEOs) of PSBs and other public financial institutions. Another major thrust area would be the steps to be taken to improve the performance of PSBs and financial institutes.
"The intention of the Department of Financial Services (DFS) is to improve the performance of the PSBs and financial institutes through steps like the recent additional infusion of Rs. 6,990 crore in PSBs on the basis of performance measured by return on assets/equity," said a ministry issued release.
