Nirmala Sitharaman will hold a meeting with the heads of public sector banks today, many issues can be discussed

Posted on 20th Jun 2022 10:59 am by rohit kumar

Finance Minister Nirmala Sitharaman will hold a meeting with the heads of public sector banks (PSBs) today i.e. on Monday. In this meeting, the Finance Minister will discuss the performance of government schemes and the revival of the economy. Along with this, the performance of the lending institutions will also be reviewed in this meeting.

 

The focus will be on giving more loans

 

Sources said banks would be urged to give more loans to productive sectors to accelerate the revival of the economy. Significantly, at this time, challenges are being faced on the economic front due to various reasons including the Russo-Ukraine war.

 

ECLGS will also be reviewed

 

According to sources, the progress of various government schemes and the performance of various economic sectors will be thoroughly reviewed in this meeting. The Loan Facility Guarantee Scheme (ECLGS) will also be under review. In this year's budget, ECLGS has been extended till March 2023. In addition, the guarantee cover for the scheme was increased by Rs 50,000 crore to Rs 5 lakh crore.

 

public sector bank earning profit

 

This meeting is being organized at a time when all PSBs have made a profit for the second consecutive financial year. In such a situation, in this meeting, the government can ask banks to increase the allocation of credit to productive sectors to accelerate the pace of the economy.

 

Also Read: PAK will remain in the gray list of FATF: Financial Task Force said - strict steps are necessary on terror finance, will do on-site verification

Other news

China's action on the air border, Chinese plane passed close to Indian soldiers

China has once again violated the Indian airspace. A Chinese Air Force aircraft flew very close t

Dollar vs Rupee: Rupee falling due to the indifference of foreign funds, reached a record low of 79.11

In early trade on Friday, the Indian rupee has slipped to the lowest level of Rs 79.11 against th

Ji Huzoor Song: Ranbir Kapoor created a ruckus in the first song of Shamshera, seeing the dance steps, the fans said 'Jabardast'

Bollywood actor Ranbir Kapoor is in the headlines these days due to various reasons. Due to their

Bharat Jodo Yatra: Rahul Gandhi starts Bharat Jodo Yatra from Washim, today Sachin Pilot will join

Congress's Bharat Jodo Yatra is moving forward in Maharashtra. It advanced into the Washim distri

PM Modi Visit: Prime Minister will visit Karnataka and Maharashtra on January 19, and will give many gifts to both states

Prime Minister Narendra Modi will lay the foundation stone and inaugurate projects worth over Rs

India started with a win in Australia; Arshdeep wreaks havoc after Suryakumar, won the match by 13 runs in the warm-up match

T20 WC Warm-up Matches: Team India, who arrived in Australia to play the T20 World Cup, has start

IND vs ENG Playing-11: Suspense on Virat Kohli's playing in the first ODI against England, this may be the playing-11 of both the teams

After the T20 series between India and England, the ODI series will start today. The first match

PCS Jyoti Maurya Case: Another shocking case against Home Guard Commandant Manish Dubey, difficulties will increase

The difficulties of Home Guard Commandant Manish Dubey found guilty of serious charges of having

Ahead of its launch in India, OnePlus Nord 2T 5G with 12GB of RAM has been on the rise, people crazy about the features

OnePlus Nord 2T 5G: This upcoming smartphone of OnePlus in India has been launched in Europe befo

Raju Srivastava's condition is critical again: Swelling in one part of the brain, frequent seizures; Mahamrityunjay chanting started on Kailash Kher's suggestion

Comedian Raju Srivastava's condition has become critical once again. He has been having frequent