Finance Minister Pranab Mukherjee will hold a review meeting with the heads of public sector banks and financial institution in the light of rising interest rates and concerns of slowdown.
The meeting will take stock of the financial performance of the banks during the financial year ended March, 2011.
It would also dwell upon credit flow to the productive sectors, sources said.
The Finance Ministry will deliberate on non-performing assets, agriculture loan, credit to infrastructure sector and matters related to human resources in the public sector banks, they said.
In addition, bankers would also voice their concern and fear on economy and subsequent impact on their business.
Heads of public sector financial institutions like the Nabard, Sidbi, NHB, IIFCL and Exim Bank would also attend the meeting.
One of the key focus of the meeting would be on providing banking facility in unbanked areas. The Finance Ministry would seek information about the progress on financial inclusion front carried out by individual banks.
The Finance Minister in the Budget speech earlier this year has already said that banks would provide banking facilities to habitations having a population of over 2,000 by March, 2012.
The banks have identified about 73,000 such habitations for providing banking facilities using appropriate technologies, he had said.
"A multi-media campaign, Swabhimaan, has been launched to inform, educate and motivate people to open bank accounts. During this year, banks will cover 20,000 villages and remaining will be covered during 2011-12," he had said.
Last year, Finance Minister had conducted regional meetings, which were attended by PSU bankers along with the concerned Chief Ministers.
This was with the objective to better understand state- wise flow of credit to the agriculture sector, credit-deposit ratio and loan to weaker section of society among others.
+1.jpg)
0 comments
Post a Comment