Govt to Review State-Owned Banks’ Performance

The Union Minister for Finance, Defence and Corporate Affairs, Mr Arun Jaitley will chair a meeting of CMDs/CEOs of the Public Sector Banks to review their performance on 12th June, 2017 in New Delhi.

This will be the First Meeting in the Current Financial Year 2017-18 which will discuss issues and solutions relating to Non Performing Assets (NPAs) of the Public Sector Banks (PSBs), status of MSE Credit, Stand-up India and Mudra Yojana among others.

Other issues on Agenda include Discussion on Financial Inclusion and Literacy, review of performance of Social Security Schemes including Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) etc.

Besides the Meeting will also discuss the issues of Cyber Security, Digitalization of the banking transactions, issues relating to Rural Development, Agriculture Credit and Education Loan etc. Role and preparedness of banks in the implementation of Goods and Services Tax (GST) is also likely to be discussed in the one day Meeting of PSBs. GST is going to be rolled-out from 1st July, 2017.

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