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Wednesday, November 19, 2014

Jaitley to meet PSB chiefs on Thursday

The Finance Minister Arun Jaitley will meet the chief executives of public sector banks (PSBs) here on Thursday.

Earlier, this quarterly performance review meeting was to be taken up and addressed by the new Financial Services Secretary Hasmukh Adhia.

However, both Jaitley and Adhia will now together meet chief executives of PSBs, official sources said.

This meeting assumes importance as the entire public sector banks system are at crossroads, facing several challenges including weak asset quality and questionable selection process for chief executives.

Besides reviewing the credit growth in the economy, the meeting will also look at critical areas like capital adequacy situation, the status of non-performing assets, stalled projects and financial inclusion.

Source : Thehindubusinessline


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