Finance Minister Nirmala Sitharaman will hold a meeting with the officials of public sector banks on June 20. In this, she will review the performance of banks and the progress of all the schemes being run by the government for economic recovery. This will be the first review meeting after the presentation of the budget for 2022-23.
Sources said that banks will be appealed in this meeting to sanction loans to productive sectors to accelerate the recovery of the economy facing adverse conditions, including Russia-Ukraine. Last week, banks across the country organized a program to sanction loans to eligible people on the spot.
There was also talk on NPA and loan growth
Sources said that in the meeting, the pace of credit of banks, business growth plans, and bad bad loans (NPA) will also be discussed. In this, Kisan Credit Card, Emergency Credit Line Guarantee Scheme (ECLGS) will also be reviewed. In the budget, the ECLGS was extended by one year to March 2023. The guarantee cover under this scheme was also increased from Rs 50,000 crore to Rs 5 lakh crore.
profit for the second year in a row
This meeting is being held at a time when all the public sector banks in the country are making a profit for the last two financial years. Their profit was Rs 66,539 crore in 2021-22. A total of 12 public sector banks had made a profit of Rs 31,820 crore in 2020-21. However, before that, from 2015-16 to 2019-20, they had suffered losses continuously.
Also Read: Non-Fungible Tokens: Bill Gates Compares NFT to 'Greater-Fool Theory', Has Criticized Crypto Even Before
American podcaster Lex Fridman fasted for 45 hours before recording the podcast, even PM Modi was surprised.
Prime Minister Narendra Modi's fasting is public knowledge but the unique thing is that American podcaster Lex Friedman also kept a 45-hour fast before the Prime Minister's interview. In the
Tej Pratap Yadav: 31.49 lakh followers on social media; How many photos of Tej Pratap's alleged girlfriend are viral?
Rashtriya Janata Dal national president Lalu Prasad Yadav's elder son, Bihar's former minister in Nitish Kumar's government, and Hasanpur's MLA Tej Pratap Yadav is also known as a social media star.
China vs Taiwan: Taiwan's bluntness to China! Will not miss retaliatory action for self-defense if needed
Since the visit of US House Speaker Nancy Pelosi to Taiwan, China has been conducting military exercises in the border areas with Taiwan. Taiwan has now bluntly called China on this. Taiwan said on
Shaheed Diwas 2023: Why is Martyr's Day celebrated on March 23? and what is its importance?
Martyr's Day is celebrated every year in India to honor the martyrs and remember their sacrifices for the country. On this day, tribute is paid to Bhagat Singh and his companion Rajguru, Sukhdev, who
Champions Trophy 2025: Every decision in the final will be closely monitored, keeping this in mind, ICC announced the names of the umpires
The final match of the Champions Trophy 2025 will be played between India and New Zealand in Dubai on Sunday. The ICC has announced the names of the umpires for this high-profile match.
Israel-Hamas War: More than 195 people died in Israeli attacks on refugee camps, Hamas informed
The war between Israel and Hamas is continuously increasing. Many people have died so far during this war. At the same time, many people have left the Gaza Strip and been displaced to other places.
Foxconn: Congress taunts BJP on Foxconn's decision, said- should not trust the headlines created
The Congress targeted the BJP after Foxconn decided to exit. Congress said that whether it is the Gujarat model or New India, one should never trust the headlines created.
Wimbledon 2023: Roger Federer will be seen in Wimbledon, and will celebrate his eight trophies with fans
The second day of the Wimbledon Championships 2023 will be named after former tennis player Roger Federer. Federer's achievements will be celebrated in a special ceremony on Center Court. Eight-time
RR vs GT: Gujarat won the match with 37 balls remaining, Rashid-Hardik did wonders; Rajasthan's second consecutive defeat
Gujarat Titans have secured their seventh win in the current season of IPL. He defeated Rajasthan Royals by nine wickets on Friday (May 5). With this victory, Gujarat avenged the previous defeat from
Kuwait Fire: Bodies of 45 Indians brought from Kuwait to Kerala, Union Minister Suresh Gopi reached Kochi airport
The bodies of 45 Indians killed in the Kuwait fire have been brought to India. The bodies were brought to Kochi airport by a special plane, where ambulances were already stationed. On the arrival of
