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Monday, 6 June 2016

Jaitley reviews public sector banks

Finance Minister Arun Jaitley held a review meeting on Monday on the performance of Public Sector Banks (PSBs). Key points of discussion included credit flow, expansion of banking activity and bad loans position.

This is at a time when these are severely stressed by bad loans and have incurred record losses in the last quarter. He also reviewed the MUDRA yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and AtalPension Yojana, among others. Ahead of the meet, the Finance Minister said economy has grown stronger and banks must support that growth. 

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