NEW DELHI : Finance Minister Arun Jaitley has convened here on Monday a meeting of the CEOs (chief executive officers) of the Public Sector Banks (PSBs) and financial institutionsto review their performance during 2015-16 and the first quarter of the current fiscal.
The meeting will examine the flow of credit, specially to agriculture, insurance and the medium and small enterprises to assess how much the banks have helped in the government’s policy of financial inclusion, a finance ministry spokesman said. He said Jaitley would also review the banks’ role in the new initiatives of the present government, including MUDRA, Stand up India, Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana as also the banks’ performance on the housing loan front. The spokesman said the banks’ performance would also be judged with regard to new projects and stalled projects and the remedial measures taken by the banks.
