Finance Minister Nirmala Sitharaman is scheduled to meet with the heads of Public Sector Undertaking (PSU) banks and Regional Rural Banks (RRBs) on August 19 for a comprehensive performance review. This meeting aims to assess the financial health, operational efficiency, and overall performance of these banks.
The review will focus on key areas such as credit growth, non-performing assets (NPAs), digital banking initiatives, and financial inclusion efforts. The meeting is expected to highlight the progress made by these banks in implementing government schemes, including the Pradhan Mantri Jan Dhan Yojana and the Mudra loan scheme.
Additionally, the Finance Minister will likely discuss strategies to enhance the lending capabilities of PSU banks and RRBs, particularly in rural and semi-urban areas, to support economic recovery and growth. The review comes at a crucial time as the government aims to strengthen the banking sector’s role in driving inclusive development and ensuring financial stability across the country.
