Finance Minister Nirmala Sitharaman will review the functioning and performance of public sector banks on Monday. Apart from them, the performance of regional rural banks will also be reviewed in detail. In the meeting to be held on August 19, various schemes of the Central Government, including PM Awas Yojana, will also be reviewed.
Financial Condition Of Banks Will Be Reviewed
According to a report by CNBC TV18, Finance Minister Nirmala Sitharaman will review the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs) in detail on August 19. The review will focus on key parameters of financial condition, including bank deposit growth, credit-deposit ratio, and asset quality.
Developed India Card For Digital Payments
There may also be a discussion about issuing a developed India card for digital payments in the meeting. An update on the current status of the accounts acquired by National Asset Reconstruction Company Limited (NARCL), known as Bad Bank, can also be discussed in the meeting.
These Government Schemes Will Be Discussed
The performance of many government schemes can also be reviewed in an important meeting held under the leadership of the Finance Minister. The government schemes expected to be discussed in the meeting include Pradhan Mantri Awas Yojana, Pradhan Mantri Surya Ghar Yojana and Pradhan Mantri Vishwakarma Yojana. Finance Minister Nirmala Sitharaman can also seek information on cybersecurity issues related to digital transactions and banking operations.
First Review Meeting After The Budget
This review meeting to be held on Monday becomes important because such a review has not been done yet after the budget presented last month for the financial year 2024-25. This will be the first detailed review after the full budget on July 23. The meeting is expected to be held in Delhi, and apart from Finance Minister Nirmala Sitharaman, officials of the Finance Ministry, government banks, and regional rural banks will attend it.
