Public sector banks to turn more profitable: Piyush Goyal after review meet

RBI Governor Shaktikanta Das addressed the PSB chiefs earlier in the day and took stock of the liquidity situation

Public sector banks (PSBs) will become more profitable and proactive in the days to come, Finance Minister Piyush Goyal said after holding a review meeting with the lenders on Monday, days ahead of the interim Budget.

The chiefs of PSBs discussed issues faced in taking bad loan cases to the National Company Law Tribunal (NCLT) along with ways to boost credit, particularly for micro, small and medium enterprises (MSMEs), and improve recovering bad loans.

“The sum and substance of today's meeting is we are going to see a far more vibrant, proactive, profitable banking sector in the days to come,” Goyal said.