Finance Minister Nirmala Sitharaman will meet heads of public sector banks on March 25 to review their performance in the backdrop of bank failures in the US and Credit Suisse crisis.
A source said that in this meeting, banks will be discussed towards achieving the targets set for various government schemes like Kisan Credit Card (KCC), Stand-up India, Pradhan Mantri Mudra Yojana (PMMY) and Emergency Credit Guarantee Scheme (ECLGS). How much progress has been made will be reviewed. This is the first full review meeting after Budget 2023-24.
Sources said that in this meeting, the Finance Minister will also review the plan of banks for loan growth, asset quality, raising capital in the next financial year and business growth.
