Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-06-12

Pranab to review PSBs performance today

Against the backdrop of tough economic conditions, Finance Minister Pranab Mukherjee will review the annual performance of government-run banks and financial institutions today. The review would focus on credit to Micro, Small and Medium Enterprises (MSME

Pranab to review PSBs performance today

Against the backdrop of tough economic conditions, Finance Minister Pranab Mukherjee will review the annual performance of government-run banks and financial institutions today. The review would focus on credit to Micro, Small and Medium Enterprises (MSMEs), agriculture, housing and education loans, gross and net Non-Performing Assets (NPAs), an official release said on Monday.

Mukherjee would be meeting the chiefs of Public Sector Banks (PSBs) and financial institutions to review their performances. In addition, the meeting would review the progress of various initiatives of the Department of Financial Services and the Finance Ministry in the areas of improving productivity and efficiency in public sector banks.

The release said the meeting is being held at a time when the Indian economy is facing various challenges.

"Our financial sector is having immense potential in economic development of the country. However, there is a need to identify the opportunities and recognise the challenges to work towards a sustainable and inclusive growth," it said.

Ministers of State (Finance), RBI Deputy Governor and senior Finance Ministry officials are also expected to attend the meeting.

The Finance Minister is likely to appreciate the CEOs for enhancing the net profit of PSBs and for affecting unprecedented recovery against the outstanding dues.

"He is also likely to impress upon them to continue their endeavour of tackling the NPAs," the release noted.

The progress made in respect of banking facilities in North Eastern and hilly states with population from 1,000 to 2,000 would also be reviewed, it added.

Related opportunities
  • Quick Service Restaurants
    About Us: Started in the year 1989 by Gundumuneshwara & his..
    Locations looking for expansion Karnataka
    Establishment year 1989
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • Multi Cuisine Restaurant
    About Us: The finest fast food multi-cuisine restraint encompasses toothsome burgers,..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Haryana
  • Pharmacies
    Online Healthcare Company is one of the fastest-growing industries in..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Ice Creams & Yogurt Parlors
    About Us:  GoPure Ice-Cream is the premium natural ice-cream made out..
    Locations looking for expansion Rajasthan
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads