Finance Minister Nirmala Sitharaman is going to hold an important meeting with the heads of public sector banks on Saturday. In this meeting, from the completion of the target of different government schemes to the banking crisis of America and Europe, it can be reviewed.
Image Credit source: File Photo : PTI
Between the crisis of Silicon Valley Bank to Credit Suisse and now Deutsche Bank, Finance Minister Nirmala Sitharaman is going to hold an important meeting with the heads of public sector banks on Saturday. The agenda of this meeting is to discuss the financial health of banks and the impact of the emerging banking crisis at the international level. At the same time, the Finance Minister can also take account of the target of different government schemes from the banks.
In this meeting of heads of public sector banks, which play an important role in the country’s economy, the target of schemes like Kisan Credit Card, Stand-up India, Mudra Yojana and Credit Line Guarantee Scheme can be reviewed.
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‘No need for policy decision’
In this meeting of the managing directors of public sector banks with Finance Minister Nirmala Sitharaman, the main focus will be on the sinking of Silicon Valley Bank of America, Signature Bank and the deteriorating condition of Credit Suisse in Europe.
The impact of the performance of these banks on the Indian banking system and economy will be discussed in detail in the meeting. At the same time, discussions will also be held on the impact of the international crisis on the financial health of the banks.
In fact, the government wants to hold a meeting with the banks to know whether it will need any kind of policy intervention to deal with this crisis or not.
There will be a review on these points as well
Nirmala Sitharaman will review financial inclusion, credit growth, asset quality, capital raising and business growth in this meeting. Along with this, the next year’s plan of the banks will also be discussed.
In this meeting, NPA accounts with an amount of more than Rs 100 crore will also be discussed. The gross NPA of public sector banks has come down to 5.53 percent in December 2022, which was 14.6 percent in March 2018.
